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Full and constrained Pareto optimality with incomplete financial markets
Mendolicchio, Concetta; Pietra, Tito - 2018
We study the efficiency properties of equilibria in a neighborhood of economies with Pareto optimal (PO) initial endowments, when the number of agents is finitely large. We provide conditions under which, for all the economies in some open neighborhood of the PO reference economy, all the...
Persistent link: https://www.econbiz.de/10011925611
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A re-examination of constrained Pareto inefficiency in economies with incomplete markets
Mendolicchio, Concetta; Pietra, Tito - In: Journal of mathematical economics 80 (2019), pp. 39-55
Persistent link: https://www.econbiz.de/10012105706
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Full and constrained Pareto efficiency with incomplete financial markets
Mendolicchio, Concetta; Pietra, Tito - In: Economic theory 71 (2021) 1, pp. 211-234
Persistent link: https://www.econbiz.de/10012433447
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Indeterminacy in general equilibrium economies with incomplete financial markets : mixed asset returns
Pietra, Tito - In: Journal of mathematical economics 21 (1992) 2, pp. 155-172
Persistent link: https://www.econbiz.de/10001122716
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The structure of the set of sunspot equilibria in economies with incomplete financial markets
Pietra, Tito - In: Economic theory : official journal of the Society for … 2 (1992) 3, pp. 321-340
Persistent link: https://www.econbiz.de/10001130922
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Sunspot equilibria and efficiency in economies with incomplete financial markets : a remark
Pietra, Tito - In: Journal of economic theory 60 (1993) 1, pp. 181-190
Persistent link: https://www.econbiz.de/10001148009
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The set of sunspot equilibria in economies with incomplete financial markets : variable asset prices
Pietra, Tito - In: Economic theory : official journal of the Society for … 18 (2001) 3, pp. 649-659
Persistent link: https://www.econbiz.de/10001615006
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Existence of sunspot equilibrium and absence of non-sunspot equilibria in a financial economy
Pietra, Tito - In: Journal of economic theory 53 (1991) 2, pp. 439-451
Persistent link: https://www.econbiz.de/10001102708
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Sunspot equilibria and efficiency in economies with incomplete financial markets : a remark
Pietra, Tito - 1991
Persistent link: https://www.econbiz.de/10013452725