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Edmond Malinvaud's Contributions to Microeconomics

Author

Listed:
  • Guy Laroque

    (UCL - University College of London [London], ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

  • Bernard Salanié

    (Columbia University [New York])

Abstract

We describe here Malinvaud's main contributions to microeconomics. He studied how a "planner" can exchange information with economic agents so as to achieve an optimal resource allocation. Some of the results he obtained anticipate later developments in the mechanism design literature. We also describe Malinvaud's contributions to the economics of uncertainty. These belong to two fields: decision under risk, and the role of insurance markets in general equilibrium. We conclude by recalling how his Lectures in microeconomic theory trained generations of students and researchers.

Suggested Citation

  • Guy Laroque & Bernard Salanié, 2017. "Edmond Malinvaud's Contributions to Microeconomics," Post-Print hal-03915268, HAL.
    • Handle: RePEc:hal:journl:hal-03915268
    DOI: 10.15609/annaeconstat2009.125-126.0041
    as

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    Keywords

    Malinvaud; Planning; Incentives; Individual risks;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D00 - Microeconomics - - General - - - General

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