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The Inefficiency of the Stock Market Equilibrium under Moral Hazard

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  • Calcagno, R.

    (Tilburg University, Center For Economic Research)

  • Wagner, W.B.

    (Tilburg University, Center For Economic Research)

Abstract

No abstract is available for this item.

Suggested Citation

  • Calcagno, R. & Wagner, W.B., 2003. "The Inefficiency of the Stock Market Equilibrium under Moral Hazard," Discussion Paper 2003-107, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:373f263e-04ad-4f4c-9654-7156a0402ff6
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    File URL: https://pure.uvt.nl/ws/portalfiles/portal/599041/107.pdf
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    References listed on IDEAS

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    1. Kihlstrom, Richard E. & Matthews, Steven A., 1990. "Managerial incentives in an entrepreneurial stock market model," Journal of Financial Intermediation, Elsevier, vol. 1(1), pages 57-79, March.
    2. Pradeep Dubey & John Geanakoplos, 2002. "Competitive Pooling: Rothschild-Stiglitz Reconsidered," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1529-1570.
    3. Marcos B. Lisboa, 2001. "Moral hazard and general equilibrium in large economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 18(3), pages 555-575.
    4. Magill, Michael & Quinzii, Martine, 2002. "Capital market equilibrium with moral hazard," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 149-190, September.
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. Wagner, W.B., 2002. "Divestment, Entrepreneurial Incentives and the Decision to go Public," Other publications TiSEM 9649686d-a816-4188-be3c-f, Tilburg University, School of Economics and Management.
    7. Wagner, W.B., 2002. "Divestment, Entrepreneurial Incentives and the Decision to go Public," Discussion Paper 2002-47, Tilburg University, Center for Economic Research.
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