Are Incomplete Markets Able to Achieve Minimal Efficiency?

DOI10.1007/3-540-28161-4_7MaRDI QIDQ5431997zbMATH OpenOpenAlexFDO

Authors Egbert Dierker, Hildegard Dierker, Birgit Grodal

Publication date 2 January 2008

Published in Institutions, Equilibria and Efficiency (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/3-540-28161-4_7

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Special types of economic equilibria (91B52)

Recommendations

• Are incomplete markets able to achieve minimal efficiency?
• Does Market Incompleteness Matter?
• Inefficiency of equilibria with incomplete markets
• Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete
• Optimality of incomplete markets
• A new characterization of the efficiency of equilibrium with incomplete markets
• Efficiency and imperfect competition with incomplete markets.
• Can a free market be complete?
• Incomplete markets, allocative efficiency, and the information revealed by prices
• Generic inefficiency of stock market equilibrium when markets are incomplete

Cited in

(13)

• Efficiency and imperfect competition with incomplete markets.
• Constrained inefficiency in GEI: A geometric argument
• Are incomplete markets able to achieve minimal efficiency?
• Observability and optimality
• Inefficiency of equilibria with incomplete markets
• Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete
• Complete and incomplete markets with short-sale constraints
• A second welfare theorem for constrained efficient allocations in incomplete markets
• Does Market Incompleteness Matter?
• Incomplete markets, allocative efficiency, and the information revealed by prices
• Can a free market be complete?
• A re-examination of constrained Pareto inefficiency in economies with incomplete markets
• Anonymity and optimality of competitive equilibria when markets are incomplete

This page was built for publication: Are Incomplete Markets Able to Achieve Minimal Efficiency?

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5431997)