A WELFARE ANALYSIS OF THE DIAMOND-DYBVIG MODEL

被引：3
|
作者：
SUSSMAN, O
机构：
[1] Hebrew University of Jerusalem, Jerusalem
来源：
ECONOMICS LETTERS | 1992年 / 38卷 / 02期
关键词：
D O I：
10.1016/0165-1765(92)90057-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I show how to design a welfare-improving tax system for a Diamond-Dybvig (DD) related economy. In addition to its relevance to the DD literature, the paper constructs a nice example for a Pareto-improving intervention when markets are incomplete, and provides a welfare analysis of the market for liquidity.
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页码：217 / 222
页数：6
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