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Externalities in economies with imperfect information and incomplete markets

Greenwald, Bruce C. N. - In: The quarterly journal of economics 101 (1986) 2, pp. 229-264

Persistent link: https://www.econbiz.de/10001014578

Pecuniary & Market Mediated Externalities : Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts

Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 2021

This paper presents a simple but quite general framework for analyzing the impact of informational externalities. By … identifying the traditional pecuniary effect of these externalities which nets out,the paper greatly simplifies the problem of …

Persistent link: https://www.econbiz.de/10013218340

Pecuniary & Market Mediated Externalities : Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts

Greenwald, Bruce C. - 1984

Persistent link: https://www.econbiz.de/10012477791

The economics of immense risk, urgent action and radical change : towards new approaches to the economics of climate change

Stern, Nicholas H.; Stiglitz, Joseph E.; Taylor, Charlotte - In: Journal of economic methodology 29 (2022) 3, pp. 181-216

Persistent link: https://www.econbiz.de/10013371135

Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents

Dosi, Giovanni - 2018

We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...

Persistent link: https://www.econbiz.de/10012931712