Edmond Malinvaud's Contributions to Microeconomics

Guy Laroque and Bernard Salanié

Annals of Economics and Statistics, 2017, issue 125-126, 41-56

Abstract: We describe here Malinvaud's main contributions to microeconomics. He studied how a "planner" can exchange information with economic agents so as to achieve an optimal resource allocation. Some of the results he obtained anticipate later developments in the mechanism design literature. We also describe Malinvaud's contributions to the economics of uncertainty. These belong to two fields: decision under risk, and the role of insurance markets in general equilibrium. We conclude by recalling how his Lectures in microeconomic theory trained generations of students and researchers.

Keywords: Malinvaud; Planning; Incentives; Individual risks (search for similar items in EconPapers)
JEL-codes: B21 D00 (search for similar items in EconPapers)
Date: 2017
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Working Paper: Edmond Malinvaud's Contributions to Microeconomics (2017)
Working Paper: Edmond Malinvaud's Contributions to Microeconomics (2017)
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