Pecuniary Externalities Do Matter when Contingent Claims Markets are Incomplete

• 1 February 1982
• journal article
• Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
• Vol. 97  (1) , 171-179
• https://doi.org/10.2307/1882634

Abstract

Keywords

• PECUNIARY EXTERNALITIES
• CLAIMS MARKETS
• CONTINGENT CLAIMS
• INCOMPLETE
• MATTER