Financial intermediation and the welfare theorems in incomplete markets
Work
Year: 2020
Type: article
Abstract: In production economies with incomplete markets, shareholders disagree about the objective of the firm. We show that a weak financial intermediary, who is unable to complete markets, can offer just e... more
Source: Economic Theory
Institutions Institute of Energy Economics at the University of Cologne, University of Zurich, Norwegian School of Economics, University of Lucerne, Humboldt-Universität zu Berlin
Cites: 27
Cited by: 1
Related to: 10
FWCI: 0.189
Citation percentile (by year/subfield): 58.93
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Sustainable Development Goal Decent work and economic growth
Open Access status: hybrid
APC paid (est): $2,990
Grant ID ZI 1673/1-1