Citanna, A.; Polemarchakis, H.M.; Tirelli, M. - Center for Operations Research and Econometrics (CORE), … - 2001
When the asset market is incomplete,there typically exist taxes on trades in assets and a redistribution of revenue in the asset market that are Pareto improving. The policy is anonymous,it economizes on complexity,and it re- sults in ex post Pareto optimal allocations ; it is publicly announced...