search query: @indexterm incomplete markets / total: 34
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| Author: | Palacios-Huerta, I. Santos, T. J. |
| Title: | A theory of markets, institutions, and endogenous preferences |
| Journal: | Journal of Public Economics
2004 : MAR, VOL. 88:3-4, p. 601-627 |
| Index terms: | Incomplete markets Equilibrium theory Risk aversion |
| Language: | eng |
| Abstract: | The authors develop a general equilibrium model of incomplete markets in which preferences are endogenously determined. The model can easily accommodate the consideration of the formation of other preference parameters, and their relationship with other characteristics of the economic, social, and institutional environment. |
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