Cost-efficiency in Incomplete Markets
نویسندگان
چکیده
منابع مشابه
Efficiency and imperfect competition with incomplete markets
We deal with the problem of providing incentives for the implementation of constrained optimal outcomes in a two-period economy with incomplete markets. Allowing both for price observation, price-manipulation and a minimal amount of coordination enables to recover (second-best) efficiency at equilibrium, therefore to do better than perfect competition. To make this point, we construct a feasibl...
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Acknowledgments First of all I would like to express my gratitude to my promotor Prof. Arun Bagchi who offered me this PhD position. I thank him for his valuable scientific advice as well as for being very flexible and accommodating in all the practical matters. I would also like to thank my daily supervisor and assistant promotor Michel Vellekoop for his guidance, support and inspiring ideas t...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4142718