Decisions and optimality in competitive stock ownership economies.

Reexamination of the decision theoretic structure of a Diamond-Dreze stock market economy reveals that general lack of optimal equilibrium allocations is an informational problem. Prices of firms' shares and observed production convey information sufficient for weak form market efficiency, but is i...

Descripción completa

Detalles Bibliográficos

Publicado en:	International Economic Review Vol. 36; pp. 53 - 75
Autor principal:	Suchanek, Gerry L.
Formato:	Artículo
Publicado:	Wiley-Blackwell February 1995
Materias:	Resource allocation > Mathematical models Marginal utility Mathematical models Stock ownership Economic decision making Welfare economics Mathematical models of economics Production functions (Economic theory)
Acceso en línea:	Ver este registro en EBSCOhost