Welfare and efficiency in incomplete market economies with a single firm

DOI10.1016/J.JMATECO.2010.08.013zbMATH Open1232.91242OpenAlexW2049754804MaRDI QIDQ617573FDOQ617573

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

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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)

Cites Work

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

Cited In (6)

• Ownership structure and control in incomplete market economies with transferable utility
• Title not available (Why is that?)
• Duality of welfare and profit maximization
• Indeterminacy of Cournot-Walras equilibrium with incomplete markets
• Nonexistence of constrained efficient production plans
• Drèze equilibria and welfare maxima

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