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Information-constrained optima with retrading: An externality and its market-based solution

  • Published:2011-05 Issue:3 Volume:146 Page:1042-1077
  • ISSN:0022-0531
  • Container-title:Journal of Economic Theory
  • language:en
  • Short-container-title:Journal of Economic Theory

Author:

Kilenthong Weerachart T.,Townsend Robert M.

Funder

Bill and Melinda Gates Foundation

National Science Foundation

University of Chicago

Eunice Kennedy Shriver National Institute of Child Health and Human Development

John Templeton Foundation

Publisher

Elsevier BV

Subject

Economics and Econometrics

Reference25 articles.

1. D. Acemoglu, A. Simsek, Moral hazard and efficiency in general equilibrium with anonymous trading, Working Paper, 2008.

2. Financial intermediaries and markets;Allen;Econometrica,2004

3. The organization of economic activity: Issues pertinent to the choice of market versus nonmarket allocation;Arrow,1969

4. Bertrand and Walras equilibria under Moral hazard;Bennardo;J. Polit. Economy,2003

5. The optimum quantity of money;Bewley;Models Monet. Econ.,1980

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