Competitive Equilibrium of the Stock Exchange and Pareto Efficiency

  • Louis Gevers
Part of the International Economic Association Series book series (IEA)


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.


Stock Exchange Production Plan Optimum Investment Competitive Equilibrium Asset Market 
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Copyright information

© International Economic Association 1974

Authors and Affiliations

  • Louis Gevers
    • 1
  1. 1.CoreLouvainBelgium

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