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    <SEQUENTIAL>
      <record key="001" att1="001" value="193270" att2="193270">001   193270</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-313.pdf</field>
      <field key="079" subkey="z">Blume, Lawrence E. - et al., A Case for Incomplete Markets (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/313.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 313 (RePEc)</field>
      <field key="100" subkey="">Blume, Lawrence E.</field>
      <field key="103" subkey="">Cornell University and Institute for Advanced Studies</field>
      <field key="104" subkey="a">Cogley, Timothy</field>
      <field key="107" subkey="">New York University</field>
      <field key="108" subkey="a">Easley, David A.</field>
      <field key="111" subkey="">Cornell University</field>
      <field key="112" subkey="a">Sargent, Thomas J.</field>
      <field key="115" subkey="">New York University and Hoover Institution</field>
      <field key="116" subkey="a">Tsyrennikov, Viktor</field>
      <field key="119" subkey="">IMF</field>
      <field key="331" subkey="">A Case for Incomplete Markets</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2015, June</field>
      <field key="433" subkey="">45 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 313</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Reiter, Michael (Assoc. Ed.) ; Uysal, Selver Derya (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 313</field>
      <field key="720" subkey="">social welfare</field>
      <field key="720" subkey="">heterogeneous beliefs</field>
      <field key="720" subkey="">spurious unanimity</field>
      <field key="720" subkey="">speculation</field>
      <field key="720" subkey="">pessimism</field>
      <field key="720" subkey="">incomplete markets</field>
      <field key="720" subkey="">financial regulation</field>
      <field key="753" subkey="">Abstract: We propose a new welfare criterion that allows us to rank alternative financial market structures in the presence of</field>
      <field key="bel" subkey="i">ef heterogeneity. We analyze economies with complete and incomplete financial markets and/or restricted trading possibilities</field>
      <field key="in" subkey="t">he form of borrowing limits or transaction costs. We describe circumstances under which various restrictions on financial</field>
      <field key="mar" subkey="k">ets are desirable according to our welfare criterion.;</field>
    </SEQUENTIAL>
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