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On Shareholder Unanimity in Large Stock Market Economies
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On Shareholder Unanimity in Large Stock Market Economies
On Shareholder Unanimity in Large Stock Market Economies
OH
Oliver D. Hart
Oliver D. Hart
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1 September 1979
journal article
Published by
JSTOR
in
Econometrica
Vol. 47
(5)
,
1057
https://doi.org/10.2307/1911950
Abstract
In an economy with complete markets, the owners of a firm will unanimously desire the firm to maximize profits if it is a perfect competitor. We generalize this...
Keywords
STOCK MARKET
SHAREHOLDER UNANIMITY
LARGE STOCK
MARKET ECONOMIES
COMPLETE MARKETS
MAXIMIZE PROFITS
PERFECT COMPETITOR
UNANIMOUSLY DESIRE
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Cited by 82 articles