Pareto Improving Price Regulation When the Asset Market is Incomplete

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(1) , (2)

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Jean-Jacques Herings

Department of Econometrics

Heracles M. Polemarchakis

The asset market is incomplete. Fix-price equilibria exist. Price regulation Pareto improves on a competitive allocation.

incomplete asset market ﬁx-price equilibria Pareto improvement Pareto improvement.

Humanities and Social Sciences Economics and Finance Economy and decision science

https://hal-hec.archives-ouvertes.fr/hal-00601578

Submitted on : Sunday, June 19, 2011-2:24:06 PM

Last modification on : Saturday, June 25, 2022-10:52:22 AM

hal-00601578 , version 1 (19-06-2011)

Jean-Jacques Herings, Heracles M. Polemarchakis. Pareto Improving Price Regulation When the Asset Market is Incomplete. 1998. ⟨hal-00601578⟩

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