A Theory of Competitive Equilibrium in Stock Market Economies
From MaRDI portal
Publication:4198296
DOI10.2307/1914186zbMath0411.90019OpenAlexW2071023656MaRDI QIDQ4198296
Oliver D. Hart, Sanford J. Grossman
Publication date: 1979
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1914186
incomplete marketstheory of the firmcompetitive equilibriumprofit maximizationmicroeconomicsstock market economies
Related Items (32)
Production externalities: internalization by voting ⋮ Production in incomplete markets: expectations matter for political stability ⋮ Financial intermediation and the welfare theorems in incomplete markets ⋮ An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities ⋮ A geometric study of shareholders' voting in incomplete markets: Multivariate median and mean shareholder theorems ⋮ Diversification and competition: Financial intermediation in a large Cournot-Walras economy ⋮ The core of a monetary economy without trust ⋮ A bargaining theory of the firm ⋮ Investment and financing in incomplete markets ⋮ Shareholder voting ⋮ A general equilibrium analysis of corporate control and the stock market ⋮ Sufficient conditions for equivalence of ex ante unanimity propositions: a note ⋮ Generic inefficiency of stock market equilibrium when markets are incomplete ⋮ An introduction to general equilibrium with incomplete asset markets ⋮ Equilibrium pricing of commodity spot and forward under incomplete markets with implications on convenience yield ⋮ Income taxation when markets are incomplete ⋮ Are inefficient entrepreneurs driven out of the market? ⋮ Normative properties of stock market equilibrium with moral hazard ⋮ From Arrow–Debreu condition to star shape preferences ⋮ IDIOSYNCRATIC SHOCKS AND ASSET RETURNS IN THE REAL-BUSINESS-CYCLE MODEL: AN APPROXIMATE ANALYTICAL APPROACH ⋮ Risk, the financial market, and macroeconomic equilibrium ⋮ Asset pricing from primitives: closed form solutions to asset prices, consumption, and portfolio demands ⋮ Non-existence of equilibrium in an incomplete stock market economy ⋮ Ownership structure and control in incomplete market economies with transferable utility ⋮ Financial globalization and real regionalization ⋮ On the objective of firms under uncertainty with stock markets ⋮ Take-over bids and stock market equilibrium ⋮ A general equilibrium theory of banks' capital structure ⋮ Incentives and competitive allocations in exchange economies with incomplete markets ⋮ Labour contracts in a stock market economy ⋮ Class shares and economies of scope ⋮ Capital market equilibrium with moral hazard
This page was built for publication: A Theory of Competitive Equilibrium in Stock Market Economies
