Search Results - "Citanna, A."

Asset shortages, liquidity and speculative bubbles by Bloise, G., Citanna, A.

“…We study the effect of asset shortages on liquidity in economies with limited enforcement of debt contracts. We establish that, under a suitable assumption in…”
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Designing insurance markets with moral hazard and nonexclusive contracts by Citanna, A., Siconolfi, P.

“…We design competitive markets in large insurance economies with moral hazard, under the additional constraint that contracts may be nonexclusive. In…”
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Do taxspots matter? by Citanna, A., Tvede, M.

“…Should the government run an uncertain fiscal policy to finance its liabilities? We call the resulting uncertainty taxspots, and study conditions that make…”
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The taxation of trades in assets by Citanna, A., Polemarchakis, H.M., Tirelli, M.

“…When the asset market is incomplete, there typically exist taxes on trades in assets that are Pareto improving. This fiscal policy is anonymous, it is fully…”
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Erratum to “The taxation of trades in assets” [J. Economic Theory 126 (2006) 299–313] by Citanna, A., Polemarchakis, H.M., Tirelli, M.

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Two-sided matching with interdependent values by Chakraborty, Archishman, Citanna, Alessandro, Ostrovsky, Michael

“…We introduce and study two-sided matching with incomplete information and interdependent valuations on one side of the market. An example of such a setting is…”
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Recursive equilibrium in stochastic OLG economies: Incomplete markets by Citanna, Alessandro, Siconolfi, Paolo

“…We prove generic existence of recursive equilibrium for overlapping generations economies with uncertainty and incomplete financial markets. Generic here means…”
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Occupational choice, incentives and wealth distribution by Chakraborty, Archishman, Citanna, Alessandro

“…We consider a model of occupational choice in large economies where individuals differ in their wealth endowment. Individuals can remain self-employed or…”
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Excess Price Volatility and Financial Innovation by Citanna, Alessandro, Schmedders, Karl

“…In a three-period finite exchange economy with incomplete financial markets and retrading, we study the effects of the degree of incompleteness and of changes…”
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Pooling and Endogenous Market Incompleteness by Citanna, Alessandro, Villanacci, Antonio

“…We study a financial market economy with a continuum of borrowers and pooling of borrowers' promises. Under these conditions and in the absence of designing…”
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Pareto Improving Financial Innovation in Incomplete Markets by Cass, David, Citanna, Alessandro

“…In this paper we develop a differential technique for investigating the welfare effects of financial innovation in incomplete markets. Utilizing this…”
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Incomplete Markets, Allocative Efficiency, and the Information Revealed by Prices by Citanna, Alessandro, Villanacci, Antonio

“…We compare rational expectations equilibria with different degrees of information revelation through prices. These equilibria arise in a two-period exchange…”
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Competitive equilibrium with moral hazard in economies with multiple commodities by Citanna, Alessandro, Villanacci, Antonio

“…We study an economy with competitive commodity markets and exclusive pairwise contractual relations with moral hazard, where both the principal and the agent…”
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Constrained Suboptimality in Incomplete Markets: A General Approach and Two Applications by Citanna, Alessandro, Kajii, Atsushi, Villanacci, Antonio

“…In this paper we re-examine generic constrained suboptimality of equilibrium allocations with incomplete numeraire asset markets. We provide a general…”
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General Equilibrium, Incomplete Markets and Sunspots: A Symposium in Honor of David Cass: Guest Editors' Introduction by Citanna, Alessandro, Donaldson, John, Polemarchakis, Herakles, Siconolfi, Paolo, Spear, Stephen

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Existence and regularity of partially revealing rational expectations equilibrium in finite economies by Citanna, Alessandro, Villanacci, Antonio

“…We consider an incomplete financial market exchange economy with nominal assets and a finite number of traders, goods, states and signals. In this framework,…”
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Continua of underemployment equilibria reflecting coordination failures, also at Walrasian prices by Citanna, Alessandro, Crès, Hervé, Drèze, Jacques, Herings, P.Jean-Jacques, Villanacci, Antonio

“…In this paper, the existence of unemployment is partly explained as being the result of coordination failures. It is shown that as a result of self-fulfilling…”
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Equilibrium with asymmetric information by ges, F, Minelli, E, Vohra, R, Lee, D, Volij, O, Serrano, R, Hara, C, Citanna, A, Villanacci, A, Magill, M, Quinzii, M, Duffie, D, Kan, R, Heifetz, A, Detemple, J B, Dutta, J, Kapur, S, Thadden, E.L. von

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