搜索结果: 1-3 共查到“金融市场 Welfare”相关记录3条 . 查询时间(0.031 秒)
In this survey, we attempt
to consider how ˉnancial integration may increase economic welfare with little mentioning
of potentially destabilizing e®ects. Financial crises can result from a rang...
OPTIMAL MANDATES AND THE WELFARE COST OF ASYMMETRIC INFORMATION: EVIDENCE FROM THE U.K. ANNUITY MARKET
Annuities contract choice adverse selection
2015/7/17
Much of the extensive empirical literature on insurance markets has focused on
whether adverse selection can be detected. Once detected, however, there has been
little attempt to quantify its welfar...
A Welfare Criterion for Models with Distorted Beliefs
belief disagreements distorted expectations speculation welfare criterion Pareto e￠ ciency belief-neutral e￠ ciency externalities
2014/3/18
This paper proposes a welfare criterion for economies in which agents have heterogeneously distorted beliefs. Instead of taking a stand on whose belief is correct, our
criterion asserts an allocation...