Levati, Vittoria M.; Qiu, Jianying; Mahagaonkar, Prashanth - 2011
We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …, provides some support for the theorem. -- Modigliani-Miller theorem ; Experiments ; Decision making under risk ; General …