Articles with "efficiency versus" as a keyword



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Constrained efficiency versus unanimity in incomplete markets

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Published in 2017 at "Economic Theory"

DOI: 10.1007/s00199-016-0968-1

Abstract: In production economies with incomplete markets, shareholders disagree about optimal production plans, and there is no natural objective of the firm. From a normative perspective, the firm should choose plans that lead to a constrained… read more here.

Keywords: versus unanimity; constrained efficiency; incomplete markets; production ... See more keywords