Existence and pareto properties of general equilibrium allocatons with asymmetric information
FP4 — Training and Mobility of Researchers
- Duration
- 1996-02-01 → 1997-04-30
- EU contribution
- —
- Participants
- 2
- Scheme
- RGI
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Project objective
I will study the questions of existence, local uniqueness, and constrained Paretz optimality of competitive equilibria, for multicommodity economies with asymmetric information and partial or complete observability of financial trades. The tax reform problem will be also studied for these economies, and the attention will be focused on the relationships between constrained efficiency and the inequality of the distribution of resources among agents. Finally, I will explore whether asymmetric information phenomena allow the introduction of money in a general equilibrium set-up a la Arrow-Debreu, and which role the monetary policy can have in this context.
Original text from CORDIS.
Participants
Links
Data: CORDIS, © European Union