Decentralizing Constrained Pareto Optimal Allocations in Stock Ownership Economies: An Impossibility Theorem

DOI10.2307/2526725zbMATH Open0652.90009OpenAlexW2003820013MaRDI QIDQ3798433FDOQ3798433

Authors: Robert Forsythe, Gerry L. Suchanek 

Publication date: 1987

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526725

Recommendations

• Decisions and Optimality in Competitive Stock Ownership Economies
• Collective Decision Mechanisms and Efficient Stock Market Allocations: Existence of a Participation Equilibrium
• Constrained efficiency versus unanimity in incomplete markets
• A re-examination of constrained Pareto inefficiency in economies with incomplete markets
• Full and constrained Pareto efficiency with incomplete financial markets

zbMATH Keywords

impossibility theoremcollective decision makinginformational imperfectionstock market allocations

Mathematics Subject Classification ID

Group preferences (91B10) Production theory, theory of the firm (91B38) General equilibrium theory (91B50)

Cited In (4)

• Decisions and Optimality in Competitive Stock Ownership Economies
• A necessary condition for decentralization and an application to intertemporal allocation
• Collective Decision Mechanisms and Efficient Stock Market Allocations: Existence of a Participation Equilibrium
• An impossibility theorem on capital allocation

This page was built for publication: Decentralizing Constrained Pareto Optimal Allocations in Stock Ownership Economies: An Impossibility Theorem

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q3798433)