Majority stable production equilibria: a multivariate mean shareholders theorem

Hervé Crès

No 706, HEC Research Papers Series from HEC Paris

Abstract: In a simple parametric general equilibrium model with S states of nature and K S/2. Finally, through parametric examples, these rates are shown to decrease with the homogeneity of the shareholders' beliefs on the probabilities of the states of nature, and to increase with the shareholders' pessimism.

Keywords: Shareholder's vote; general equilibrium; incomplete markets; super majority (search for similar items in EconPapers)
JEL-codes: C60 C68 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2000-06-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem (2000)
Working Paper: Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:0706

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