Edmond Malinvaud's Contributions to Microeconomics
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.
