Pareto-improving price regulation when the asset market is incomplete: An example

P. J. J. Herings; H. Polemarchakis

doi:10.1111/j.1742-7363.2012.00182.x

Pareto-improving price regulation when the asset market is incomplete: An example

P. J. J. Herings^*, H. Polemarchakis

^*Corresponding author for this work

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

In a robust example of an economy with an incomplete asset market, price regulation, that operates anonymously, on market variables, can be Pareto-improving.

Original language	English
Pages (from-to)	139-147
Journal	International Journal of Economic Theory
Volume	8
Issue number	2
DOIs	https://doi.org/10.1111/j.1742-7363.2012.00182.x
Publication status	Published - Jun 2012
Externally published	Yes

Keywords

incomplete asset market
fix-price equilibria
Pareto improvement
D45
D52
D60
IDENTIFICATION

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10.1111/j.1742-7363.2012.00182.x

Cite this

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title = "Pareto-improving price regulation when the asset market is incomplete: An example",

abstract = "In a robust example of an economy with an incomplete asset market, price regulation, that operates anonymously, on market variables, can be Pareto-improving.",

keywords = "incomplete asset market, fix-price equilibria, Pareto improvement, D45, D52, D60, IDENTIFICATION",

author = "Herings, {P. J. J.} and H. Polemarchakis",

year = "2012",

month = jun,

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KW - D52

KW - D60

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DO - 10.1111/j.1742-7363.2012.00182.x

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Pareto-improving price regulation when the asset market is incomplete: An example

Abstract

Keywords

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