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Corporate Production and Shareholder Cooperation Under Uncertainty
Oleh:
Haller, Hans
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991)
,
page 823-842.
Topik:
COOPERATION
;
corporate production
;
shareholder cooperation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A two - period model of an economy with production and with uncertain future outputs and resources is investigated. Intertemporal trade is only possible via the stock market. Spanning equilibrium allocations lie always in the "smallest core" of each replica of the economy. If a feasible allocation is not a price - taking equilibrium allocation and satisfies an interiority and a liquidity condition, then in some replica of the economy the replicated allocation does not belong to the "largest core."
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