|
|||||
|
|
On constrained optimal allocations with incomplete markets |
|
| Authors: | Jan Werner |
| Affiliation: | (1) Department of Economics, University of Minnesota, 271 19th Avenue S., 55455 Minneapolis, MN, USA |
| Abstract: | Summary We provide an example of an economy with incomplete asset markets in which there is no constrained optimal allocation.I would like to thank Ramon Marimon for many helpful discussions, and to an anonymous referee for useful comments. |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ | |