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dc.contributor.authorMartins-da-Rocha, Victor-Filipe*
dc.contributor.authorVailakis, Yiannis*
dc.date.accessioned2016-09-23T17:44:40Z
dc.date.available2016-09-23T17:44:40Z
dc.date.issued2015
dc.identifier.issn0304-4068
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15837
dc.language.isoenen
dc.subjectLimited commitment
dc.subjectConstrained pareto efficiency
dc.subjectHigh implied interest rates
dc.subject.ddc332en
dc.subject.classificationjelG1en
dc.titleConstrained efficiency without commitment
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherUniversity of Glasgow
dc.description.abstractenWe consider an infinite horizon economy where agents share income risks by trading a complete set of contingent claims but cannot commit to their promises. Allocations are restricted to be self-enforcing relative to autarchic reservation utilities. We provide a general characterization of constrained Pareto efficiency without assuming that there are uniform gains to trade. Our results extend those in Bloise and Reichlin (2011) in several aspects.
dc.relation.isversionofjnlnameJournal of Mathematical Economics
dc.relation.isversionofjnlvol61
dc.relation.isversionofjnldate2015
dc.relation.isversionofjnlpages276–286
dc.relation.isversionofdoi10.1016/j.jmateco.2015.09.010
dc.identifier.urlsitehttps://hal.archives-ouvertes.fr/hal-01097121
dc.relation.isversionofjnlpublisherElsevier
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2017-03-10T16:50:22Z
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