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Start Over Descriptor "Financial intermediation -- Models" Journal journal of economic theory
1 results on '"Financial intermediation -- Models"'

1. Implementing efficient allocations in a model of financial intermediation

Author

Green, Edward J. and Lin, Ping

Subjects
Economics -- Models, Bank runs -- Models, Financial intermediation -- Models, Business, Economics
Abstract

In a finite trader version of the Diamond and Dybvig model, the ex ante efficient allocation is implementable by a direct mechanism in which truthful revelation is the strictly service constraint, the truth-telling equilibrium implements the symmetric, ex ante efficient allocation with respect to iterated elimination of strictly dominated strategies.

Published
2003

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