Decisions and Optimality in Competitive Stock Ownership Economies

DOI10.2307/2527427zbMATH Open0827.90017OpenAlexW2041567785MaRDI QIDQ4834693FDOQ4834693

Authors: Gerry L. Suchanek 

Publication date: 1 June 1995

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2527427

Recommendations

• Decentralizing Constrained Pareto Optimal Allocations in Stock Ownership Economies: An Impossibility Theorem
• Collective Decision Mechanisms and Efficient Stock Market Allocations: Existence of a Participation Equilibrium
• Generic inefficiency of stock market equilibrium when markets are incomplete
• The possibility of informationally efficient markets
• Anonymity and optimality of competitive equilibria when markets are incomplete

zbMATH Keywords

decision theoretic structureDiamond-Dreze stock market economyoptimal equilibrium allocationsweak form market efficiency

Mathematics Subject Classification ID

Economics of information (91B44) General equilibrium theory (91B50)

Cited In (7)

• On the objective of firms under uncertainty with stock markets
• Decentralizing Constrained Pareto Optimal Allocations in Stock Ownership Economies: An Impossibility Theorem
• Equilibrium in a Stock Market Economy with Shareholder Voting
• Competition in a stock market with small firms
• Corporate control and real investment in incomplete markets
• Collective Decision Mechanisms and Efficient Stock Market Allocations: Existence of a Participation Equilibrium
• Stock prices and the real economy: the different meaning of efficiency

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