Pareto improving financial innovation in incomplete markets

Keyphrases

• Financial Innovation 100%
• Incomplete Markets 100%
• Pareto Improvement 100%
• Market Completeness 100%
• Household Heterogeneity 100%
• Number of States 50%
• Generic Property 50%
• Nonparametric Methods 50%
• Utility Function 50%
• Nonsmooth Analysis 50%
• Number of Households 50%
• Endowment 50%
• Welfare Effects 50%
• Pure Exchange Economy 50%
• Financial Equilibrium 50%
• Differential Technique 50%
• 2H-1 50%

Economics, Econometrics and Finance

• Incomplete Market 100%
• Utility Function 50%
• Welfare Analysis 50%
• Barter Economy 50%