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1974 | OriginalPaper | Chapter

Competitive Equilibrium of the Stock Exchange and Pareto Efficiency

Author : Louis Gevers

Published in: Allocation under Uncertainty: Equilibrium and Optimality

Publisher: Palgrave Macmillan UK

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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.

Metadata
Title
Competitive Equilibrium of the Stock Exchange and Pareto Efficiency
Author
Louis Gevers
Copyright Year
1974
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1007/978-1-349-01989-2_10