Welfare and efficiency in incomplete market economies with a single firm

DOI10.1016/J.JMATECO.2010.08.013MaRDI QIDQ617573zbMATHOpenAlexFDO

Authors Egbert Dierker, Hildegard Dierker

Publication date 21 January 2011

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

Full work available at URL https://doi.org/10.1016/j.jmateco.2010.08.013

zbMATH Keywords

social welfareconstrained efficiencycompensating surplusequivalent surplusincomplete markets with productionminimal efficiencyDrèze equilibria

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54) Welfare economics (91B15)

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Cites work

• A Theorem on Utilitarianism
• Are incomplete markets able to achieve minimal efficiency?
• Drèze equilibria and welfare maxima
• Leximin and utilitarian rules: A joint characterization
• Real effects of money in general equilibrium

Cited in

(6)

• Indeterminacy of Cournot-Walras equilibrium with incomplete markets
• Duality of welfare and profit maximization
• Nonexistence of constrained efficient production plans
• Drèze equilibria and welfare maxima
• Ownership structure and control in incomplete market economies with transferable utility
• scientific article; zbMATH DE number 5077035 (Why is no real title available?)

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