European Business Schools Librarian's Group

Les Cahiers de Recherche,
HEC Paris

No 706: Majority stable production equilibria : a multivariate mean shareholders theorem

Herve CRES

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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