Pareto improvement and agenda control of sequential financial innovations

DOI10.1016/J.JMATECO.2010.12.013MaRDI QIDQ433150zbMATH OpenOpenAlexFDO

Authors Chiaki Hara

Publication date 13 July 2012

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

Full work available at URL http://hdl.handle.net/2433/134630

zbMATH Keywords

Nash equilibriumsubgame perfect equilibriumPareto improvementagenda controlfinancial innovationgeneral equilibrium theory of incomplete security markets

Mathematics Subject Classification ID

Dynamic games (91A25) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54) Actuarial science and mathematical finance (91G99)

Recommendations

• Pareto improving financial innovation in incomplete markets
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• The structure of the pseudo-equilibrium manifold in economies with incomplete markets

Cites work

• scientific article; zbMATH DE number 4068565 (Why is no real title available?)
• scientific article; zbMATH DE number 1154009 (Why is no real title available?)
• A geometric approach to a class of equilibrium existence theorems
• A note on the decomposition (at a point) of aggregate excess demand on the Grassmannian
• An evolutionary approach to financial innovation
• Arbitrage, Short Sales, and Financial Innovation
• Disaggregation of excess demand and comparative statics with incomplete markets and nominal assets
• Disaggregation of excess demand functions in incomplete markets
• Excess demand functions and incomplete markets
• Excess demand functions with incomplete markets -- a global result.
• Existence of equilibrium with incomplete markets
• General equilibrium with endogenously incomplete financial markets
• Monopolistic security design in finance economies
• On the optimality of equilibrium when the market structure is incomplete
• Pareto improving financial innovation in incomplete markets
• Real indeterminacy with financial assets
• Some Results in the CAPM with Nontraded Endowments
• The Existence of Subgame-Perfect Equilibrium in Continuous Games with Almost Perfect Information: A Case for Public Randomization
• Welfare effects of financial innovation in incomplete markets economies with several consumption goods
• Welfare-improving financial innovation with a single good

Cited in

(1)

• Financial intermediation and the welfare theorems in incomplete markets

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