Title of article
Welfare analysis of the coordinating role of a redundant security
Author/Authors
Chiaki Hara، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
5
From page
299
To page
303
Abstract
The purpose of this paper is to provide a sufficient condition under which a security with the coordinating role does not lead to a Pareto superior equilibrium allocation
Keywords
Security markets , Redundant securities , Transaction costs , general equilibrium theory , Pareto comparison
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434404
Link To Document