Date of Original Version

3-2006

Type

Article

Abstract or Description

Endogenously incomplete models derive restrictions on asset trading from primitive constraints on the enforcement and monitoring technologies available to societies. They have been applied to a wide variety of macroeconomic problems. This essay reviews some of these applications and the models that underpin them.

DOI

10.1057/9780230226203.0473

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Published In

New Palgrave Dictionary of Economics, Eds. S. Durlauf and L. Blume...