HEC Research Papers Series,
HEC Paris

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: Shareholder's vote; general equilibrium; incomplete markets; super majority

JEL-codes: C60; C68

39 pages, June 1, 2000

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