Publication Information

{'id': 'https://openalex.org/W3123488173', 'doi': None, 'title': 'When Borch’s Theorem does not apply: some key implications of market incompleteness, with policy relevance today', 'display_name': 'When Borch’s Theorem does not apply: some key implications of market incompleteness, with policy relevance today', 'publication_year': 2013, 'publication_date': '2013-04-26', 'ids': {'openalex': 'https://openalex.org/W3123488173', 'mag': '3123488173'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://econpapers.repec.org/RePEc:cor:louvco:2013009', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, 'type': 'preprint', 'type_crossref': 'posted-content', 'indexed_in': [], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5079686613', 'display_name': 'Jacques Drèze', 'orcid': 'https://orcid.org/0000-0001-7337-5813'}, 'institutions': [{'id': 'https://openalex.org/I95674353', 'display_name': 'UCLouvain', 'ror': 'https://ror.org/02495e989', 'country_code': 'BE', 'type': 'education', 'lineage': ['https://openalex.org/I95674353']}], 'countries': ['BE'], 'is_corresponding': True, 'raw_author_name': 'Jacques Dreze', 'raw_affiliation_strings': ['CORE Catholic University of Louvain Louvain‐la‐Neuve B‐1348 Belgium'], 'affiliations': [{'raw_affiliation_string': 'CORE Catholic University of Louvain Louvain‐la‐Neuve B‐1348 Belgium', 'institution_ids': ['https://openalex.org/I95674353']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': ['https://openalex.org/A5079686613'], 'corresponding_institution_ids': ['https://openalex.org/I95674353'], 'apc_list': None, 'apc_paid': None, 'fwci': None, 'has_fulltext': False, 'cited_by_count': 2, 'citation_normalized_percentile': {'value': 0.716932, 'is_in_top_1_percent': False, 'is_in_top_10_percent': False}, 'cited_by_percentile_year': {'min': 72, 'max': 76}, 'biblio': {'volume': None, 'issue': None, 'first_page': None, 'last_page': None}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T12137', 'display_name': 'Existence and Dynamics of Monetary Equilibrium Models', 'score': 0.9839, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T12137', 'display_name': 'Existence and Dynamics of Monetary Equilibrium Models', 'score': 0.9839, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T11742', 'display_name': 'Causes and Implications of Macroeconomic Trends', 'score': 0.9195, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10007', 'display_name': 'Macroeconomic Analysis and Policy Implications', 'score': 0.9175, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/shadow-price', 'display_name': 'Shadow price', 'score': 0.6827561}, {'id': 'https://openalex.org/keywords/relevance', 'display_name': 'Relevance (law)', 'score': 0.569606}, {'id': 'https://openalex.org/keywords/indeterminacy', 'display_name': 'Indeterminacy', 'score': 0.551242}, {'id': 'https://openalex.org/keywords/incomplete-markets', 'display_name': 'Incomplete markets', 'score': 0.54648316}, {'id': 'https://openalex.org/keywords/competitive-equilibrium', 'display_name': 'Competitive equilibrium', 'score': 0.47792703}, {'id': 'https://openalex.org/keywords/pareto-efficiency', 'display_name': 'Pareto efficiency', 'score': 0.43969896}, {'id': 'https://openalex.org/keywords/section', 'display_name': 'Section (typography)', 'score': 0.41412073}], 'concepts': [{'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.7803012}, {'id': 'https://openalex.org/C139748260', 'wikidata': 'https://www.wikidata.org/wiki/Q3308839', 'display_name': 'Shadow price', 'level': 2, 'score': 0.6827561}, {'id': 'https://openalex.org/C175444787', 'wikidata': 'https://www.wikidata.org/wiki/Q39072', 'display_name': 'Microeconomics', 'level': 1, 'score': 0.5795041}, {'id': 'https://openalex.org/C158154518', 'wikidata': 'https://www.wikidata.org/wiki/Q7310970', 'display_name': 'Relevance (law)', 'level': 2, 'score': 0.569606}, {'id': 'https://openalex.org/C109354906', 'wikidata': 'https://www.wikidata.org/wiki/Q6015174', 'display_name': 'Incomplete markets', 'level': 2, 'score': 0.54648316}, {'id': 'https://openalex.org/C120757647', 'wikidata': 'https://www.wikidata.org/wiki/Q381136', 'display_name': 'Shareholder', 'level': 3, 'score': 0.5253229}, {'id': 'https://openalex.org/C76178495', 'wikidata': 'https://www.wikidata.org/wiki/Q4808784', 'display_name': 'Asset (computer security)', 'level': 2, 'score': 0.49256212}, {'id': 'https://openalex.org/C117797892', 'wikidata': 'https://www.wikidata.org/wiki/Q286363', 'display_name': 'Shadow (psychology)', 'level': 2, 'score': 0.48376417}, {'id': 'https://openalex.org/C2780964549', 'wikidata': 'https://www.wikidata.org/wiki/Q5156353', 'display_name': 'Competitive equilibrium', 'level': 2, 'score': 0.47792703}, {'id': 'https://openalex.org/C26517878', 'wikidata': 'https://www.wikidata.org/wiki/Q228039', 'display_name': 'Key (lock)', 'level': 2, 'score': 0.44164526}, {'id': 'https://openalex.org/C137635306', 'wikidata': 'https://www.wikidata.org/wiki/Q182667', 'display_name': 'Pareto principle', 'level': 2, 'score': 0.4400822}, {'id': 'https://openalex.org/C2778599509', 'wikidata': 'https://www.wikidata.org/wiki/Q36829', 'display_name': 'Pareto efficiency', 'level': 3, 'score': 0.43969896}, {'id': 'https://openalex.org/C2780129039', 'wikidata': 'https://www.wikidata.org/wiki/Q1931107', 'display_name': 'Section (typography)', 'level': 2, 'score': 0.41412073}, {'id': 'https://openalex.org/C177264268', 'wikidata': 'https://www.wikidata.org/wiki/Q1514741', 'display_name': 'Set (abstract data type)', 'level': 2, 'score': 0.41237116}, {'id': 'https://openalex.org/C556758197', 'wikidata': 'https://www.wikidata.org/wiki/Q580018', 'display_name': 'Monetary economics', 'level': 1, 'score': 0.3552872}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.12689182}, {'id': 'https://openalex.org/C33923547', 'wikidata': 'https://www.wikidata.org/wiki/Q395', 'display_name': 'Mathematics', 'level': 0, 'score': 0.09279254}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.08606228}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.08391407}, {'id': 'https://openalex.org/C15744967', 'wikidata': 'https://www.wikidata.org/wiki/Q9418', 'display_name': 'Psychology', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C126255220', 'wikidata': 'https://www.wikidata.org/wiki/Q141495', 'display_name': 'Mathematical optimization', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C39389867', 'wikidata': 'https://www.wikidata.org/wiki/Q380767', 'display_name': 'Corporate governance', 'level': 2, 'score': 0.0}, {'id': 'https://openalex.org/C199360897', 'wikidata': 'https://www.wikidata.org/wiki/Q9143', 'display_name': 'Programming language', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C21547014', 'wikidata': 'https://www.wikidata.org/wiki/Q1423657', 'display_name': 'Operations management', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C38652104', 'wikidata': 'https://www.wikidata.org/wiki/Q3510521', 'display_name': 'Computer security', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C112698675', 'wikidata': 'https://www.wikidata.org/wiki/Q37038', 'display_name': 'Advertising', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C199539241', 'wikidata': 'https://www.wikidata.org/wiki/Q7748', 'display_name': 'Law', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C542102704', 'wikidata': 'https://www.wikidata.org/wiki/Q183257', 'display_name': 'Psychotherapist', 'level': 1, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://econpapers.repec.org/RePEc:cor:louvco:2013009', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'score': 0.72, 'id': 'https://metadata.un.org/sdg/8', 'display_name': 'Decent work and economic growth'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 0, 'referenced_works': [], 'related_works': ['https://openalex.org/W3125709548', 'https://openalex.org/W3124094900', 'https://openalex.org/W3123611140', 'https://openalex.org/W3122776769', 'https://openalex.org/W3107750941', 'https://openalex.org/W2245198194', 'https://openalex.org/W2231906025', 'https://openalex.org/W2170764706', 'https://openalex.org/W2144608557', 'https://openalex.org/W2066090407', 'https://openalex.org/W2065727026', 'https://openalex.org/W2061757749', 'https://openalex.org/W2033462745', 'https://openalex.org/W2009227659', 'https://openalex.org/W1943636129', 'https://openalex.org/W1761882185', 'https://openalex.org/W1596685565', 'https://openalex.org/W1501264490', 'https://openalex.org/W1490612645', 'https://openalex.org/W1489941428'], 'abstract_inverted_index': {'Markets': [0], 'are': [1, 92, 116], 'incomplete': [2], 'when': [3, 55], 'the': [4, 8, 13, 23, 32, 38, 62, 103, 121], 'assets': [5, 65], 'available': [6], 'to': [7, 31, 45, 48, 70, 94, 120], 'agents': [9], 'do': [10, 57], 'not': [11], 'span': [12], 'space': [14], 'of': [15, 26, 34, 117], 'future': [16], 'contingencies.': [17], 'Efficiency': [18], 'is': [19], 'then': [20], 'assessed': [21], 'by': [22], 'weak': [24], 'criterion': [25, 42], 'constrained': [72], 'efficiency': [28], '(efficiency': [29], 'relative': [30, 47], 'set': [33], 'allocations': [35, 77], 'compatible': [36], 'with': [37], 'asset': [39], 'structure).': [40], 'That': [41], 'requires': [43], 'firms': [44, 56], 'optimise': [46], 'shadow-prices': [49], 'reflecting': [50], 'shareholders’': [51], 'preferences.': [52], 'Yet,': [53], 'even': [54], 'so,': [58], 'competitive': [59], 'equilibria': [60], 'on': [61], 'markets': [63], 'for': [64], 'and': [66, 84], 'commodities': [67], 'fail': [68], '(generically)': [69], 'be': [71, 79, 113], 'efficient': [73], '(section': [74, 87, 107], '3).': [75], 'Pareto-superior': [76], 'can': [78, 112], 'implemented': [80], 'through': [81], 'price/wage': [82], 'rigidities': [83, 91], 'quantity': [85], 'constraints': [86], '4).': [88], 'But': [89], 'nominal': [90], 'conducive': [93], 'multiple': [95], 'equilibria,': [96], 'implying': [97], 'endogenous': [98], 'macroeconomic': [99], 'uncertainties': [100, 106], 'that': [101], 'compound': [102], 'primitive': [104], '(exogenous)': [105], '5).': [108], 'Various': [109], 'policy': [110], 'implications': [111], 'drawn,': [114], 'which': [115], 'some': [118], 'relevance': [119], 'current': [122], 'crisis.': [123]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W3123488173', 'counts_by_year': [{'year': 2014, 'cited_by_count': 1}], 'updated_date': '2024-09-26T08:39:01.759104', 'created_date': '2021-02-01'}