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A Brief Overview of the Economics of Incomplete Markets
Author(s) -
LAFFONT JEANJACQUES
Publication year - 1989
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1989.tb00678.x
Subject(s) - notice , perspective (graphical) , incentive , economics , work (physics) , positive economics , face (sociological concept) , public economics , law and economics , sociology , microeconomics , political science , law , social science , computer science , engineering , mechanical engineering , artificial intelligence
This paper was motivated by my participation in the Economic Theory Symposium of the 1988 Australian Economics Congress, Canberra. It represents only one perspective on an immense literature. As the reader will notice, I have often referred to my own work. for two reasons. The first is because it is what I know best, the second is to provide an illustration of the in efficiency resulting from the incentive constraints editors face in contracting for surveys .