Matches in SemOpenAlex for { <https://semopenalex.org/work/W3142516405> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W3142516405 abstract "Pecuniary externalities have regained the interest of researchers as they seek policy interventions and regulations to remedy externality-induced distortions, e.g., balance sheet effects, amplifiers and fire sales. In this paper we go back to first principles and show how to design financial contracts and markets in such a way that ex ante competition can achieve a constrained-efficient allocation. The key as in general equilibrium theory is to extend the commodity space in such a way that bundling, exclusivity and additional markets internalize these pecuniary externalities. We devise in this paper a general way of proceeding that covers as a general case the large variety of example-economies which differ from one another in the particular source of the constraint generating the externality. A key take away from our approach is that we do not need to identify and quantify some policy intervention. With the appropriate ex ante design we can let markets solve the problem." @default.
- W3142516405 created "2021-04-13" @default.
- W3142516405 creator A5081582389 @default.
- W3142516405 creator A5091394355 @default.
- W3142516405 date "2014-01-01" @default.
- W3142516405 modified "2023-09-23" @default.
- W3142516405 title "A Market Based Solution to Price Externalities: A Generalized Framework" @default.
- W3142516405 hasPublicationYear "2014" @default.
- W3142516405 type Work @default.
- W3142516405 sameAs 3142516405 @default.
- W3142516405 citedByCount "4" @default.
- W3142516405 countsByYear W31425164052014 @default.
- W3142516405 countsByYear W31425164052015 @default.
- W3142516405 crossrefType "posted-content" @default.
- W3142516405 hasAuthorship W3142516405A5081582389 @default.
- W3142516405 hasAuthorship W3142516405A5091394355 @default.
- W3142516405 hasConcept C10138342 @default.
- W3142516405 hasConcept C103382277 @default.
- W3142516405 hasConcept C122251271 @default.
- W3142516405 hasConcept C127413603 @default.
- W3142516405 hasConcept C136197465 @default.
- W3142516405 hasConcept C139719470 @default.
- W3142516405 hasConcept C154945302 @default.
- W3142516405 hasConcept C16118543 @default.
- W3142516405 hasConcept C162324750 @default.
- W3142516405 hasConcept C175444787 @default.
- W3142516405 hasConcept C18903297 @default.
- W3142516405 hasConcept C26517878 @default.
- W3142516405 hasConcept C2776036281 @default.
- W3142516405 hasConcept C2779439359 @default.
- W3142516405 hasConcept C38652104 @default.
- W3142516405 hasConcept C41008148 @default.
- W3142516405 hasConcept C78519656 @default.
- W3142516405 hasConcept C86803240 @default.
- W3142516405 hasConcept C91306197 @default.
- W3142516405 hasConceptScore W3142516405C10138342 @default.
- W3142516405 hasConceptScore W3142516405C103382277 @default.
- W3142516405 hasConceptScore W3142516405C122251271 @default.
- W3142516405 hasConceptScore W3142516405C127413603 @default.
- W3142516405 hasConceptScore W3142516405C136197465 @default.
- W3142516405 hasConceptScore W3142516405C139719470 @default.
- W3142516405 hasConceptScore W3142516405C154945302 @default.
- W3142516405 hasConceptScore W3142516405C16118543 @default.
- W3142516405 hasConceptScore W3142516405C162324750 @default.
- W3142516405 hasConceptScore W3142516405C175444787 @default.
- W3142516405 hasConceptScore W3142516405C18903297 @default.
- W3142516405 hasConceptScore W3142516405C26517878 @default.
- W3142516405 hasConceptScore W3142516405C2776036281 @default.
- W3142516405 hasConceptScore W3142516405C2779439359 @default.
- W3142516405 hasConceptScore W3142516405C38652104 @default.
- W3142516405 hasConceptScore W3142516405C41008148 @default.
- W3142516405 hasConceptScore W3142516405C78519656 @default.
- W3142516405 hasConceptScore W3142516405C86803240 @default.
- W3142516405 hasConceptScore W3142516405C91306197 @default.
- W3142516405 hasLocation W31425164051 @default.
- W3142516405 hasOpenAccess W3142516405 @default.
- W3142516405 hasPrimaryLocation W31425164051 @default.
- W3142516405 hasRelatedWork W126645859 @default.
- W3142516405 hasRelatedWork W2015725318 @default.
- W3142516405 hasRelatedWork W2062708249 @default.
- W3142516405 hasRelatedWork W2127020349 @default.
- W3142516405 hasRelatedWork W2291567532 @default.
- W3142516405 hasRelatedWork W2496030958 @default.
- W3142516405 hasRelatedWork W2754423759 @default.
- W3142516405 hasRelatedWork W2944172263 @default.
- W3142516405 hasRelatedWork W3119712346 @default.
- W3142516405 hasRelatedWork W3121717430 @default.
- W3142516405 hasRelatedWork W3122987231 @default.
- W3142516405 hasRelatedWork W3123002117 @default.
- W3142516405 hasRelatedWork W3123423378 @default.
- W3142516405 hasRelatedWork W3123793430 @default.
- W3142516405 hasRelatedWork W3124224980 @default.
- W3142516405 hasRelatedWork W3125492538 @default.
- W3142516405 hasRelatedWork W3146471793 @default.
- W3142516405 hasRelatedWork W3172777855 @default.
- W3142516405 hasRelatedWork W3190540169 @default.
- W3142516405 hasRelatedWork W608591080 @default.
- W3142516405 isParatext "false" @default.
- W3142516405 isRetracted "false" @default.
- W3142516405 magId "3142516405" @default.
- W3142516405 workType "article" @default.