Constrained inefficiency of competitive entrepreneurship

DOI10.1016/J.JMATECO.2020.03.005zbMATH Open1437.91247OpenAlexW3014966953MaRDI QIDQ2178591FDOQ2178591

Authors: Sakai Ando, Misaki Matsumura 

Publication date: 11 May 2020

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2020.03.005

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zbMATH Keywords

incomplete marketsconstrained efficiencycompetitive entrepreneurshipoccupation choice

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Labor markets (91B39)

Cites Work

• Bank Runs, Deposit Insurance, and Liquidity
• Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks
• A theory of liquidity and regulation of financial intermediation
• Generic inefficiency of stock market equilibrium when markets are incomplete
• Human Capital Risk and Economic Growth
• Impatience, Information and Risk Taking in a General Equilibrium Model of Occupational Choice
• Pecuniary Externalities in Economies with Financial Frictions

Cited In (2)

• Are inefficient entrepreneurs driven out of the market?
• Risky human capital accumulation with endogenous skill premium

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