New financial markets: who gains and who loses

DOI10.1007/S00199-004-0511-7MaRDI QIDQ1780904zbMATH OpenOpenAlexFDO

Authors Paul Willen

Publication date 14 June 2005

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-004-0511-7

zbMATH Keywords

Incomplete marketsFinancial innovationRisk-sharing.

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Welfare effects of financial innovation in incomplete markets economies with several consumption goods
• Effects of financial innovations on market volatility when beliefs are heterogeneous
• Pareto improving financial innovation in incomplete markets
• Welfare-improving financial innovation with a single good
• scientific article; zbMATH DE number 2072573

Cited in

(3)

• Asset prices in segmented and integrated markets
• scientific article; zbMATH DE number 2072573 (Why is no real title available?)
• Welfare effects of unanticipated policy changes with complete asset markets

This page was built for publication: New financial markets: who gains and who loses

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1780904)