Lecture

Pareto Efficiency and Social Welfare

Description

This lecture covers the concept of Pareto efficiency, social welfare functions, and optimization problems in asset pricing. It discusses the conditions for Pareto optimality, the role of social planners, and the implications of complete and incomplete markets on equilibrium allocations. The lecture also explores representative agent models, linear risk tolerance, and the relationship between market equilibriums and Pareto optimal allocations.

About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.