On constrained optimal allocations with incomplete markets

Jan Werner

doi:10.1007/BF01211535

On constrained optimal allocations with incomplete markets

Jan Werner

Economics (Twin Cities)

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

We provide an example of an economy with incomplete asset markets in which there is no constrained optimal allocation.

Original language	English (US)
Pages (from-to)	205-209
Number of pages	5
Journal	Economic Theory
Volume	1
Issue number	2
DOIs	https://doi.org/10.1007/BF01211535
State	Published - Jun 1 1991

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title = "On constrained optimal allocations with incomplete markets",

abstract = "We provide an example of an economy with incomplete asset markets in which there is no constrained optimal allocation.",

author = "Jan Werner",

year = "1991",

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doi = "10.1007/BF01211535",

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pages = "205--209",

journal = "Economic Theory",

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publisher = "Springer New York",

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AB - We provide an example of an economy with incomplete asset markets in which there is no constrained optimal allocation.

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JO - Economic Theory

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ER -

On constrained optimal allocations with incomplete markets

Abstract

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