Search Results - subject:"Second welfare theorem"

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Financial intermediation and the welfare theorems in incomplete markets

Bettzüge, Marc Oliver; Hens, Thorsten; Zierhut, Michael - In: Economic theory 73 (2022) 2/3, pp. 457-486

Persistent link: https://www.econbiz.de/10013277330

Sufficient conditions for a "simple" Second Welfare Theorem with other-regarding preferences

Del Mercato, Elena L.; Nguyen, Van-Quy - 2021

Persistent link: https://www.econbiz.de/10012668188

The Second Welfare Theorem with public goods in general economies

Jofré, Alejandro; Rivera, Jorge - Departamento de Economía, Facultad de Economía y Negocios - 2010

In this paper we prove a general version of the Second Welfare Theorem for a non-convex and non-transitive economy …

Persistent link: https://www.econbiz.de/10008568526

Prices and Pareto Optima

Flam, Sjur; Jourani, A. - 2006

We provide necessary conditions for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accommodated. Public goods and material...

Persistent link: https://www.econbiz.de/10013208498

Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies

Florenzano, Monique; Gourdel, Pascal; Jofré, Alejandro - HAL - 2006

In this paper, we prove a new version of the Second Welfare Theorem for economies with a finite number of agents and an … version of the Second Welfare Theorem, we reinforce the conditions on the commodity space, assumed here to be a Banach lattice … the convex case, our result becomes the usual Second Welfare Theorem when properness assumptions replace the interiority …

Persistent link: https://www.econbiz.de/10010750353