Inefficiency of competitive equilibrium with hidden action and financial markets
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- Luca, PANACCIONE, 2006. "Inefficiency of competitive equilibrium with hidden action and financial markets," Discussion Papers (ECON - Département des Sciences Economiques) 2006049, Université catholique de Louvain, Département des Sciences Economiques.
References listed on IDEAS
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CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Magill, Michael & Quinzii, Martine, 2008.
"Normative properties of stock market equilibrium with moral hazard,"
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- Martine Quinzii & Michael Magill, 1900. "Normative Properties Of Stock Market Equilibrium With Moral Hazard," Working Papers 82, University of California, Davis, Department of Economics.
More about this item
Keywordshidden action; enforcement; constrained efficiency;
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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