On the Theory of the Firm in an Economy with Incomplete Markets: An Addendum
Volume: Volume 6, No. 1
Issue: Spring 1975
Pages: pp. 388-393
Authors: Steinar Ekern
Title: On the Theory of the Firm in an Economy with Incomplete Markets: An Addendum
Abstract: This paper extends and summarizes the Ekern-Wilson unanimity theorem which gives conditions sufficient to ensure that all stockholders of a firm will unanimously approve or disapprove of a project.
JEL Classification
Microeconomic Theory General (0220)