Pareto improving price regulation when the asset market is incomplete

DOI10.1007/S00199-003-0431-YMaRDI QIDQ1780160zbMATH OpenOpenAlexFDO

Authors P. Jean-Jacques Herings, Herakles M. Polemarchakis

Publication date 7 June 2005

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://cris.maastrichtuniversity.nl/en/publications/cf12b7c7-8c32-40c9-a3c4-10278929ec66

zbMATH Keywords

fix-price equilibriumincomplete market

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic equilibria (91B52)

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Cited in

(12)

• Risk measures in ordered normed linear spaces with non-empty cone-interior
• The composite iteration algorithm for finding efficient and financially fair risk-sharing rules
• Core concepts for incomplete market economies
• The taxation of trades in assets
• Endowment redistribution and Pareto improvements in GEI economies
• Price stabilizing, Pareto improving policies
• Pareto Improving Price Regulation when the Asset Market is Incomplete
• A fixed point approach for computing actuarially fair Pareto optimal risk-sharing rules
• Time-inconsistent preferences in a general equilibrium model
• Externalities, consumption constraints and regular economies
• Equilibria with coordination failures
• Constrained suboptimality when prices are non-competitive

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