Information and securities: A note on Pareto dominance and the second best

DOI10.1016/0022-0531(87)90062-7zbMATH Open0626.90012OpenAlexW2058564501MaRDI QIDQ581201FDOQ581201

Authors: Frank Milne, H. M. Shefrin 

Publication date: 1987

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

Full work available at URL: https://doi.org/10.1016/0022-0531(87)90062-7

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• scientific article; zbMATH DE number 1264575

zbMATH Keywords

Pareto dominanceincomplete market economysecond-best

Mathematics Subject Classification ID

Trade models (91B60)

Cites Work

• Title not available (Why is that?)
• On the optimality of equilibrium when the market structure is incomplete
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• On Transaction Costs, Inessential Sequence Economies and Money
• Inefficiency and the Demand for "Money" in a Sequence Economy
• Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets
• Induced preferences and the theory of the consumer

Cited In (4)

• Standard Securities
• Asset pricing in an intertemporal partially-revealing rational expectations equilibrium.
• Externalities, monopoly and the objective function of the firm
• Value of information in competitive economies with incomplete markets

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