Capital market equilibrium with moral hazard

DOI10.1016/S0304-4068(02)00068-XzbMath1032.91085MaRDI QIDQ1867767

Martine Quinzii, Michael J. P. Magill

Publication date: 2 April 2003

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

zbMATH Keywords

general equilibriumPareto optimalitycompetitive marketproduction economy

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (7)

Dispersed initial ownership and the efficiency of the stock market under moral hazard ⋮ Moral hazard with excess returns ⋮ Agency-based asset pricing ⋮ Normative properties of stock market equilibrium with moral hazard ⋮ Capital market equilibrium with moral hazard and flexible technology ⋮ Incentives and performance in the presence of wealth effects and endogenous risk ⋮ International risk sharing and government moral hazard

Cites Work

• Unnamed Item
• Unnamed Item
• Characterisation of generically complete real asset structures
• On normal hazard in general equilibrium theory
• 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
• The First-Order Approach to Principal-Agent Problems
• Justifying the First-Order Approach to Principal-Agent Problems
• An Analysis of the Principal-Agent Problem
• Options and Efficiency
• A Theory of Competitive Equilibrium in Stock Market Economies
• Moral Hazard and Limited Liability: Implications for the Theory of the Firm
• Default and Punishment in General Equilibrium1
• Moral hazard and general equilibrium in large economies

This page was built for publication: Capital market equilibrium with moral hazard