Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem

Hervé Crès

Working Papers from HAL

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: Shareholders' vote; general equilibrium; incomplete markets; super majority (search for similar items in EconPapers)
Date: 2000-07
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Citations: View citations in EconPapers (3)

Published in 2000

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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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