Production externalities: internalization by voting
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-00972983
Download full text from publisher
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Grossman, Sanford J & Hart, Oliver D, 1979.
"A Theory of Competitive Equilibrium in Stock Market Economies,"
Econometrica, Econometric Society, vol. 47(2), pages 293-329, March.
- Sanford Grossman & Oliver Hart, 1978. "A theory of competitive equilibrium in stock market economies," Special Studies Papers 115, Board of Governors of the Federal Reserve System (U.S.).
- Mich Tvede & Hervé Crés, 2005.
"Voting in assemblies of shareholders and incomplete markets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 887-906, November.
- Hervé Crès & Mich Tvede, 2001. "Voting in Assemblies of Shareholders and Incomplete Markets," Working Papers hal-00597193, HAL.
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," Working Papers hal-01064884, HAL.
- Mich Tvede & Hervé Crès, 2004. "Voting in Assemblies of Shareholders and Incomplete Markets," Discussion Papers 04-09, University of Copenhagen. Department of Economics.
- CRES, Herve & TVEDE, Mich, 2001. "Voting in assemblies of shareholders and incomplete markets," HEC Research Papers Series 722, HEC Paris.
- Camelia Bejan, 2008. "The objective of a privately owned firm under imperfect competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 99-118, October.
- Birgit Grodal & Egbert Dierker, 1999.
"The price normalization problem in imperfect competition and the objective of the firm,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 14(2), pages 257-284.
- Egbert DIERKER & Birgit GRODAL, 1996. "The Price Normalization Problem in Imperfect Competition and the Objective of the Firm," Vienna Economics Papers vie9616, University of Vienna, Department of Economics.
- Egbert Dierker & Birgit Grodal, 1998. "The Price Normalization Problem in Imperfect Competition and the objective of the Firm," CIE Discussion Papers 1998-08, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
- Egbert Dierker & Birgit Grodal, 1996. "The Price Normalization Problem in Imperfect Competition and the Objective of the Firm," Discussion Papers 96-05, University of Copenhagen. Department of Economics.
- Stefano Demichelis & Klaus Ritzberger, 2011. "A general equilibrium analysis of corporate control and the stock market," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(2), pages 221-254, February.
- Hansen, Robert G. & Lott, John R., 1996. "Externalities and Corporate Objectives in a World with Diversified Shareholder/Consumers," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 31(1), pages 43-68, March.
- Caplin, Andrew & Nalebuff, Barry, 1991.
"Aggregation and Social Choice: A Mean Voter Theorem,"
Econometrica, Econometric Society, vol. 59(1), pages 1-23, January.
- Andrew Caplin & Barry Nalebuff, 1990. "Aggregation and Social Choice: A Mean Voter Theorem," Cowles Foundation Discussion Papers 938, Cowles Foundation for Research in Economics, Yale University.
- Shafer, Wayne & Sonnenschein, Hugo, 1975.
"Equilibrium in abstract economies without ordered preferences,"
Journal of Mathematical Economics, Elsevier, vol. 2(3), pages 345-348, December.
- Wayne Shafer & Hugo Sonnenschein, 1974. "Equilibrium in Abstract Economies Without Ordered Preferences," Discussion Papers 94, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Mich Tvede & Hervé Crès, 2005. "Voting in assemblies of shareholders and incomplete markets," SciencePo Working papers hal-03598171, HAL.
- Won, Dong Chul & Yannelis, Nicholas C., 2008. "Equilibrium theory with unbounded consumption sets and non-ordered preferences: Part I. Non-satiation," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1266-1283, December.
- GEVERS, Louis, 1974. "Competitive equilibrium of the stock exchange and Pareto efficiency," LIDAM Reprints CORE 198, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Grandmont, Jean-Michel, 1978. "Intermediate Preferences and the Majority Rule," Econometrica, Econometric Society, vol. 46(2), pages 317-330, March.
- Mich Tvede & Hervé Crès, 2005. "Voting in assemblies of shareholders and incomplete markets," Post-Print hal-03598171, HAL.
- Louis Gevers, 1974. "Competitive Equilibrium of the Stock Exchange and Pareto Efficiency," International Economic Association Series, in: Jacques H. Drèze (ed.), Allocation under Uncertainty: Equilibrium and Optimality, chapter 10, pages 167-191, Palgrave Macmillan.
- Kelsey, David & Milne, Frank, 1996. "The existence of equilibrium in incomplete markets and the objective function of the firm," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 229-245.
- Peter M. DeMarzo, 1993. "Majority Voting and Corporate Control: The Rule of the Dominant Shareholder," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(3), pages 713-734.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," SciencePo Working papers hal-00972983, HAL.
- Hervé Crès & Mich Tvede, 2013.
"Production externalities: internalization by voting,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(2), pages 403-424, June.
- Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," Working Papers hal-00972983, HAL.
- repec:hal:wpspec:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- Hervé Crès & Mich Tvede, 2023. "Corporate self-regulation of imperfect competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 1181-1205, May.
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," SciencePo Working papers Main hal-01022731, HAL.
- Crès, Hervé & Tvede, Mich, 2009.
"Production in incomplete markets: Expectations matter for political stability,"
Journal of Mathematical Economics, Elsevier, vol. 45(3-4), pages 212-222, March.
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," Post-Print hal-01022731, HAL.
- Hervé Crès & Mich Tvede, 2009. "Production in Incomplete Markets: Expectations Matter for Political Stability," Discussion Papers 09-01, University of Copenhagen. Department of Economics.
- Hervé Crès & Mich Tvede, 2005.
"Portfolio Diversification and Internalization of Production Externalities through Majority Voting,"
Working Papers
hal-00587205, HAL.
- Crès, Hervé & Tvede, Mich, 2006. "Portfolio diversification and internalization of production externalities through majority voting," HEC Research Papers Series 816, HEC Paris.
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," Working Papers hal-01065579, HAL.
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," SciencePo Working papers hal-01022731, HAL.
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," SciencePo Working papers hal-01065579, HAL.
- Volker Britz & P. Herings & Arkadi Predtetchinski, 2013.
"A bargaining theory of the firm,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(1), pages 45-75, September.
- BRITZ, Volker & HERINGS, P. Jean-Jacques & PREDTETCHINSKI, Arkadi, 2013. "A bargaining theory of the firm," LIDAM Reprints CORE 2621, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- CRES, Hervé & TVEDE, Mich, 2004.
"The Dreze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability,"
HEC Research Papers Series
794, HEC Paris.
- Hervé Crès & Mich Tvede, 2004. "The Drèze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability," Working Papers hal-00591676, HAL.
- repec:spo:wpmain:info:hdl:2441/10281 is not listed on IDEAS
- repec:spo:wpecon:info:hdl:2441/10281 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/10281 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/10281 is not listed on IDEAS
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," SciencePo Working papers Main hal-01065579, HAL.
- Bisin, Alberto; & Gottardi, Piero; & Ruta, Guido, 2014.
"Equilibrium corporate finance and intermediation,"
Economics Working Papers
ECO2014/09, European University Institute.
- Piero Gottardi & Guido Ruta & Alberto Bisin, 2015. "Equilibrium Corporate Finance and Intermediation," 2015 Meeting Papers 358, Society for Economic Dynamics.
- Britz, V. & Herings, P.J.J. & Predtetchinski, A., 2010. "Theory of the firm: bargaining and competitive equilibrium," Research Memorandum 057, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Alberto Bisin & Gian Luca Clementi & Piero Gottardi, 2014.
"Capital Structure and Hedging Demand with Incomplete Markets,"
NBER Working Papers
20345, National Bureau of Economic Research, Inc.
- Bisin, Alberto & Clementi, Gian Luca & Gottardi, Piero, 2022. "Capital Structure and Hedging Demand with Incomplete Markets," CEPR Discussion Papers 16968, C.E.P.R. Discussion Papers.
- Guido Ruta & Piero Gottardi, 2009.
"Equilibrium corporate finance,"
2009 Meeting Papers
149, Society for Economic Dynamics.
- Alberto Bisin & Piero Gottardi & Guido Ruta, 2010. "Equilibrium Corporate Finance," Economics Working Papers ECO2010/01, European University Institute.
- Ritzberger, Klaus, 2005. "Shareholder voting," Economics Letters, Elsevier, vol. 86(1), pages 69-72, January.
- repec:hal:spmain:info:hdl:2441/10284 is not listed on IDEAS
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," SciencePo Working papers hal-01064884, HAL.
- Hervé Crès & Mich Tvede, 2001.
"Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent,"
Working Papers
hal-01065004, HAL.
- CRES, Herve & TVEDE, Mich, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," HEC Research Papers Series 726, HEC Paris.
- Hervé Crès & Mich Tvede, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," Working Papers hal-00597200, HAL.
- repec:spo:wpmain:info:hdl:2441/10283 is not listed on IDEAS
- Mich Tvede & Hervé Crés, 2005.
"Voting in assemblies of shareholders and incomplete markets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 887-906, November.
- CRES, Herve & TVEDE, Mich, 2001. "Voting in assemblies of shareholders and incomplete markets," HEC Research Papers Series 722, HEC Paris.
- Hervé Crès & Mich Tvede, 2001. "Voting in Assemblies of Shareholders and Incomplete Markets," Working Papers hal-00597193, HAL.
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," Working Papers hal-01064884, HAL.
- Mich Tvede & Hervé Crès, 2004. "Voting in Assemblies of Shareholders and Incomplete Markets," Discussion Papers 04-09, University of Copenhagen. Department of Economics.
- repec:hal:spmain:info:hdl:2441/10283 is not listed on IDEAS
- repec:spo:wpecon:info:hdl:2441/10284 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/10267 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/10267 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/10282 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/10284 is not listed on IDEAS
- Bejan, Camelia, 2008. "Production and financial decisions under uncertainty," MPRA Paper 11033, University Library of Munich, Germany.
More about this item
Keywords
general equilibrium; majority voting; production externalities; shareholder governance vs. stakeholder democracy; social choice;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:spmain:hal-00972983. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.