A Welfare Analysis of the Diamond Dybvig Model

I show how to design a welfare-improving tax system for a Diamond-Dybvig (DD) related economy. In addition to its relevance to the DD literature, the paper constructs a nice example for a Pareto-improving intervention when markets are incomplete, and provides a welfare analysis of the market for liquidity.

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Year of publication:	1992
Authors:	Sussman, Oren

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Type of publication:	Article
Language:	English
Notes:	Sussman, Oren (1992) A Welfare Analysis of the Diamond Dybvig Model. Economics Letters, 38 (2). pp. 217-222.
Other identifiers:	10.1016/0165-1765(92)90057-6 [DOI]
Source:	BASE

Persistent link: https://www.econbiz.de/10011424801