Endowment redistribution and Pareto improvements in GEI economies

B-Tier
Journal: Journal of Mathematical Economics
Year: 2016
Volume: 67
Issue: C
Pages: 181-190

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

With incomplete markets and numeraire assets, there are open sets of economies such that their equilibrium allocations can be improved upon by a reallocation of period zero endowments. This strengthens the classical results on constrained Pareto inefficiency of equilibria in GEI.

Technical Details

RePEc Handle
repec:eee:mateco:v:67:y:2016:i:c:p:181-190
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26