Part of the International Economic Association Series book series (IEA)
Competitive Equilibrium of the Stock Exchange and Pareto Efficiency
The simplest model of a productive economy is based on the following assumptions: agents live only for one period, they take input and output prices as given, and production involves no risks.
KeywordsCorn Income Rium Myopia Alloca
Unable to display preview. Download preview PDF.
- K. J. Arrow, ‘Political and Economic Evaluation of Social Effects and Externalities’, pp. 1–23 in J. Margolis (ed.), The Analysis of Public Output (NBER, New York: Columbia University Press, 1970).Google Scholar
- K. J. Arrow and F. H. Hahn, General Competitive Analysis (San Francisco: Holden-Day, 1971).Google Scholar
- D. Black, The Theory of Committees and Elections (Cambridge: Cambridge University Press, 1958).Google Scholar
- P. A. Diamond, ‘The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty’, American Economic Review vol. LVII (1967), pp. 759–76.Google Scholar
- J. H. Drèze, ‘A Tâtonnement Process for Investment under Uncertainty in Private Ownership Economies’, pp. 3–23 in Mathematical Methods in Investment and Finance ed. by G. P. Szegö and K. Shell (Amsterdam: North-Holland, 1972).Google Scholar
- J. H. Drèze, ‘Investment Under Private Ownership: Optimality, Equilibrium and Stability’, chapter 9 supra.Google Scholar
- K. Hamada, ‘A Simple Majority Rule on the Distribution of Income’, Journal of Economic Theory vol. VI (1973), pp. 273–64.Google Scholar
- C. R. Plott, ‘A Notion of Equilibrium and its Possibility under Majority Rule’, American Economic Review vol. LVII (1967), pp. 787–806.Google Scholar
- D. Sondermann, ‘Temporary Competitive Equilibrium Under Uncertainty’, chapter 13 infra.Google Scholar
- O. Williamson, The Economics of Discretionary Behavior: Managerial Objectives in a Theory of the Firm (Englewood Cliffs: Prentice Hall, 1964).Google Scholar
© International Economic Association 1974