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
