scholarly journals Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium

2017 ◽  
Author(s):  
Elias Albagli ◽  
Christian Hellwig ◽  
Aleh Tsyvinski
Keyword(s):  
General Equilibrium ◽  
Financial Markets

Decision Making and Equilibrium under Uncertainty

2020 ◽  
pp. 269-302
Author(s):  
Robert G. Chambers
Keyword(s):  
Decision Making ◽  
General Equilibrium ◽  
Financial Markets ◽  
Rational Choice ◽  
Minimum Principle ◽  
Distance Functions ◽  
Incomplete Preferences ◽  
Choice Under Uncertainty ◽  
Financial Portfolio

Rational choice under uncertainty for individuals with incomplete preferences is examined for three choice environments: the standard financial portfolio model, producer choice in the absence of financial markets, and producer choice in the presence of financial markets. Each problem is analyzed using distance functions and the zero-maximum (zero-minimum) principle. General equilibrium is analyzed using the zero-maximum (zero-minimum) principle and related to equilibrium representation in a nonstochastic setting. Choice under uncertainty for individuals with complete preferences is examined

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