Arbeitspapier
Markets and contracts
Economies with asymmetric information are encompassed by an extension of the model of general competitive equilibrium that does not require an explicit modeling of private information. Sellers have discretion over deliveries on contracts; this is in common with economies with default, incomplete contracts or price rigidities. Competitive, anonymous markets are viable. For a generic economy, there exist a Pareto improving intervention via linear, anonymous taxes.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2001-36
- Klassifikation
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Incomplete Markets
Asymmetric and Private Information; Mechanism Design
- Thema
-
asymmetric information
competitive markets
equilibrium
Asymmetrische Information
Allgemeines Gleichgewicht
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bisin, A
Geanakoplos J. D.
Gottardi P.
Minelli E.
Polemarchakis H.
- Ereignis
-
Veröffentlichung
- (wer)
-
Brown University, Department of Economics
- (wo)
-
Providence, RI
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bisin, A
- Geanakoplos J. D.
- Gottardi P.
- Minelli E.
- Polemarchakis H.
- Brown University, Department of Economics
Entstanden
- 2001
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