Detail Equilibrium in A Stock Market Economy With Shareholder Voting   Oleh:  Sadanand, Asha B. ; Williamson, John M. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 1 (1991), page 1-36. Topik: stock market; equilibrium; stock market economy; shareholder voting Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper demonstrates the existence of a shareholders' equilibrium for a two period stock market economy in which there may be fewer securities than states of the world. There are two allocation mechanisms in the economy : Firms' owners may vote (direction restricted majority rule) to change firms' production plans across states while keeping shareholdings fixed, and individuals may trade their shares and stocks of a current production / consumption good while keeping firms' plans fixed. A shareholders' equilibrium is a set of firms' plans, and an allocation of shares and the current good which are stable with respect to both mechanisms. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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