On the robustness of Laissez-Faire

DOI10.1016/J.JET.2008.09.004MaRDI QIDQ2653922zbMATH OpenOpenAlexFDO

Authors Narayana R. Kocherlakota, Christopher Phelan

Publication date 15 January 2010

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2008.09.004

zbMATH Keywords

mechanism designrobustness

Mathematics Subject Classification ID

Welfare economics (91B15) Economics of information (91B44)

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Cites work

• Bayesian Implementation
• Communication in economic mechanisms
• Efficient allocations with hidden income and hidden storage
• Foundations of Dominant-Strategy Mechanisms
• On Efficient Distribution with Private Information
• Repeated principal-agent relationships with lending and borrowing
• Tax Riots

Cited in

(9)

• Randomization, revelation, and redistribution in a Lerner world
• On the economics of basic liberties
• Implications of uncertainty for optimal policies
• Laissez-faire or full redistribution?
• Laissez-faire versus Pareto
• The market economy unchecked
• Optimal fiscal policy with robust control
• Robustness of simple menus of contracts in cost-based procurement
• On the optimality of optimal income taxation

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