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- W3121341049 abstract "We consider economies with incomplete markets, production, and a given distribution of initial endowments. The main purpose of the paper is to present a robust example of an economy with only one firm and one good per state in which no production decision entails a constrained efficient outcome. In particular, the unique Dreze equilibrium is dominated by every other production decision." @default.
- W3121341049 created "2021-02-01" @default.
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- W3121341049 date "2002-10-09" @default.
- W3121341049 modified "2023-09-23" @default.
- W3121341049 title "Nonexistence of Constrained Efficient Equilibria when Markets are Incomplete" @default.
- W3121341049 hasPublicationYear "2002" @default.
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