WELFARE ANALYSIS OF THE COORDINATING ROLE OF A REDUNDANT SECURITY

Authors
HARA C
Citation
C. Hara, WELFARE ANALYSIS OF THE COORDINATING ROLE OF A REDUNDANT SECURITY, Economics letters, 56(3), 1997, pp. 299-303
Citations number
1
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
56
Issue
3
Year of publication
1997
Pages
299 - 303
Database
ISI
SICI code
0165-1765(1997)56:3<299:WAOTCR>2.0.ZU;2-T
Abstract
The purpose of this paper is to provide a sufficient condition under w hich a security with the coordinating role does not lead to a Pareto s uperior equilibrium allocation. (C) 1997 Elsevier Science S.A.