A Brief Overview of the Economics of Incomplete Markets
This paper was motivated by the author's participation in the Economic Theory Symposium of the 1988 Australian Economics Congress, Canberra. It represents only one perspective on an immense literature. As the reader will notice, the author has often referred to his own work, for two reasons. The first is because it is what he knows best, the second is to provide an illustration of the inefficiency resulting from the incentive constraints editors face in contracting for surveys. Copyright 1989 by The Economic Society of Australia.
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Volume (Year): 65 (1989)
Issue (Month): 188 (March)
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