Die traditionsreiche Frage, durch welche Eigenschaften eine gute Theorie gekennzeichnet ist, hat vor dem Hintergrund der in den letzten Jahren geführten Diskussion um die Evaluation wissenschaftlicher Leistungen eine neue Aktualität bekommen. In der hier vorliegenden Untersuchung wird diese...

We consider an economy in which firms' decisions are made by a collective decision of the shareholders. The main result shows that the simultaneous existence of an exchange equilibrium in the market for shares and a voting equilibrium in the internal decisions of firms. We present our results in...

We consider an economy in which firms' decisions are made by a collective decision of the shareholders. The main result shows that the simultaneous existence of an exchange equilibrium in the market for shares and a voting equilibrium in the internal decisions of firms. We present our results in...