Dierker, Egbert; Dierker, Hildegard; Grodal, Birgit - Centre for Industrial Economics (CIE), Økonomisk Institut - 2000
We consider economies with incomplete markets, production, an a given distribution of initial endowments. The main purpose of the paper is to present a robust example of an economy with only one firm and one good per state in which no production decision entails a constrained efficient outcome....