Voting in assemblies of shareholders and incomplete markets
AbstractAn economy with two dates is considered, on state at the first date and a finite number of states at the last date. Shareholders determine production plans b voting -one share, one vote- and at r-majority stable equilibria, alternative production plans are supported by at most rx100 percent of the shareholders.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 722.
Length: 27 pages
Date of creation: 01 Feb 2001
Date of revision:
general equilibrium; incomplete markets; firms; voting;
Other versions of this item:
- Mich Tvede & Hervé Crés, 2005. "Voting in assemblies of shareholders and incomplete markets," Economic Theory, Springer, vol. 26(4), pages 887-906, November.
- Mich Tvede & Hervé Crès, 2004. "Voting in Assemblies of Shareholders and Incomplete Markets," Discussion Papers 04-09, University of Copenhagen. Department of Economics.
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- G39 - Financial Economics - - Corporate Finance and Governance - - - Other
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