The probability approach to general equilibrium with production

DOI10.1007/s00199-008-0336-xzbMath1156.91412OpenAlexW2037094657MaRDI QIDQ1006575

Martine Quinzii, Michael J. P. Magill

Publication date: 25 March 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://repec.dss.ucdavis.edu/files/wG3XBDVqSGEU8XX91Y49jt7N/08-3.pdf

zbMATH Keywords

equilibriumoptimal investmentprobability distribution of output

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) General equilibrium theory (91B50)

Related Items (4)

Shareholder heterogeneity, asymmetric information, and the equilibrium manager ⋮ Stationary Markovian equilibrium in altruistic stochastic OLG models with limited commitment ⋮ Anchoring expectations of inflation ⋮ Equilibrium CEO contract with belief heterogeneity

Cites Work

• Unnamed Item
• Generic inefficiency of stock market equilibrium when markets are incomplete
• Competitive equilibria with asymmetric information
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• General Competitive Analysis in an Economy with Private Information
• Justifying the First-Order Approach to Principal-Agent Problems
• Options and Efficiency
• Incentives, Contracts, and Markets: A General Equilibrium Theory of Firms
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• Moral hazard and general equilibrium in large economies

This page was built for publication: The probability approach to general equilibrium with production