Constrained suboptimality and financial innovation in GEI with a single commodity.

In this paper we exploit global analysis to explore welfare properties of a standard one-commodity GEI, under different notions of constrained Pareto optimality. In a unifying framework we revise and extend some of the leading results of the literature on incomplete markets and government intervention, including those concerning financial innovation.

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Year of publication:	2000-03
Authors:	TIRELLI, Mario
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain

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Extent:	application/pdf
Series:	CORE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Center for Operations Research and Econometrics (CORE) Number 2000019
Classification:	D52 - Incomplete Markets ; D60 - Welfare Economics. General ; G10 - General Financial Markets. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005043589