Externalities in Economies with Imperfect Information and Incomplete Markets

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Abstract

This paper presents a simple, general framework for analyzing externalities in economies with incomplete markets and imperfect information.

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Authors

Bruce Greenwald

National Bureau of Economic Research

Joseph E. Stiglitz

United Nations Development Programme

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The Quarterly Journal of Economics

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Princeton University

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Greenwald et al. (Thu,) studied this question.

synapsesocial.com/papers/69d6c8cf39aaaf0da5ab3642 — DOI: https://doi.org/10.2307/1891114

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The theory of commodity price stabilization· 1981 · 544 citations
A Near-Rational Model of the Business Cycle, with Wage and Price Inertia· 1985 · 882 citations
Credit Rationing in Markets with Imperfect Information· 1981 · 12,864 citations

Also consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection· 1974 · 712 citations
Optimal Taxation and Public Production I: Production Eficiency· 2016 · 1,060 citations
The theory of commodity price stabilization· 1981 · 544 citations
A Near-Rational Model of the Business Cycle, with Wage and Price Inertia· 1985 · 882 citations
Credit Rationing in Markets with Imperfect Information· 1981 · 12,864 citations

Externalities in Economies with Imperfect Information and Incomplete Markets

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Abstract

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Discussion

Authors

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Institutions

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Discussion

Cite this study

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