M Magill… - 2002 - books.google.com
The Theory of Incomplete Markets provides a unified framework for analyzing the real,
financial, and monetary sectors of an economy. It describes an innovative theory that takes
into account the fact that in order to coordinate their activities and share their risks, agents ...
MJP Magill… - Journal of Economic Theory, 1976 - Citeseer
Page 1. JOURNAL OF ECONOMIC THEORY 13, 245-263 (1976) Portfolio Selection with
Transactions Costs* MICHAEL JP MAGILL Department of Economics, Indiana University,
Bloomington, Indiana 47401 AND GEORGE M. CONSTANTINIDES ...
WW Zung, M Magill, JT Moore… - Journal of Clinical …, 1983 - psycnet.apa.org
Abstract 1. Administered the Self-Rating Depression Scale to 1,086 family medicine
outpatients seen over 12 mo to test the hypothesis that depression is significantly
underdiagnosed in general medical settings. The effects of such screening on clinical ...
M Magill… - 2008 - www-bcf.usc.edu
The principal objective of general equilibrium theory is to study the allocation of resources
achievable via a system of markets. If all activity in an economy could be viewed as taking
place in a single period then it would perhaps be reasonable to assume that markets are ...
M Magill… - Econometrica: Journal of the Econometric Society, 1994 - JSTOR
The model of general equilibrium with incomplete markets is a generalization of the Arrow-
Debreu model which provides a rich framework for studying problems of macroeconomics.
This paper shows how the model, which has so far been restricted to economies with a ...
J Geanakoplos, M Magill… - Brookings Papers on Economic …, 2004 - JSTOR
THE SECULAR MOVEMENT OF the US stock market in the postwar period has been
characterized by three distinct twenty-year episodes of sustained increases or decreases in
real stock prices: the bull market of 1945-66, the subsequent bear market of the 1970s and ...
[CITATION] Theory of incomplete markets. Vol. 1
M Magill, M Quinzii, J Werner - Journal of …, 1998 - Nashville [etc.]: American Economic …
J Geanakoplos, M Magill, M Quinzii… - Journal of Mathematical …, 1990 - Elsevier
Abstract If the asset market is incomplete, and if there are two or more consumption goods in
each state of nature, then for fixed consumer preferences (of at least two agents), and fixed
(non-trivial) technologies for the firm (s), and for a generic assignment of initial ...
M Magill… - Journal of Mathematical Economics, 1996 - Elsevier
This paper studies sequence economies over an infinite horizon with general security
structures. Assumptions are given under which a pseudo-equilibrium exists for all
economies and an equilibrium exists for a dense set of (appropriately parameterized) ...
M Magill… - Journal of Mathematical Economics, 1992 - Elsevier
Abstract This paper studies a simple stochastic general equilibrium model with money and
nominal assets. We examine the role of money as a medium of exchange and as a store of
value and give conditions under which local changes in the money supply lead to local ...
MJP Magill - Journal of Economic Theory, 1977 - www-bcf.usc.edu
Page 1. JOURNAL OF ECONOMIC THEORY 15, 174-210 (1977) Some New Results on
the Local Stability of the Process of Capital Accumulation* MICHAEL JP MAGILL Department
of Economics, Indiana Unicersitv, Bloomington, Indiana 47401 ...
SY Husseini, JM Lasry… - Journal of Mathematical Economics, 1990 - Elsevier
... We are grateful to Ed Fadell, Andreu Mas-Colell and Martine Quinzii for helpful discussions.
Michael Magill is grateful to Claude Henry as Director of the Laboratoire d'Econometrie de l'Ecole
Polytechnique for providing a most stimulating research environment. ...
MJP Magill… - Journal of Mathematical Economics, 1990 - Elsevier
HC Cheng, MJP Magill… - International Economic Review, 1987 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 28, No. 2, June, 1987 SOME RESULTS
ON COMPARATIVE STATICS UNDER UNCERTAINTY* BY HSUEH-CHENG CHENG,
MICHAEL JP MAGILL AND WAYNE J. SHAFER' 1. INTRODUCTION ...
MP Silver, ME Babitz… - The Journal of Rural Health, 1997 - Wiley Online Library
Page 1. Rural Health Research Ambulatory Care Sensitive Hospitalization Rates in the
Aged Medicare Population in Utah, 1990 to 1994: A Rural-Urban Comparison Michael
P. Silver, MPH, Marc E. Babitz, MD, and Michael K. Magill, MD ...
M Magill - Journal of Economic Theory, 1977 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
A local analysis of N-sector capital accumulation under uncertainty. Michael Magill. Journal
of Economic Theory, 1977, vol. 15, issue 1, pages 211-219. ...
WA Brock… - Econometrica: Journal of the Econometric Society, 1979 - JSTOR
Page 1. Econometrica, Vol. 47, No. 4 (July, 1979) DYNAMICS UNDER UNCERTAINTY'
BY WILLIAM A. BROCK AND MICHAEL JP MAGILL 1. INTRODUCTION THIS PAPER
IS a preliminary investigation of dynamics under uncertainty. ...
MJP Magill - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
Page 1. Econometrica, Vol. 49, No. 3 (May, 1981) INFINITE HORIZON PROGRAMS
BY MICHAEL JP MAGILL' This paper presents a general framework for the analysis
of programs over an infinite horizon in continuous time. ...
M Magill… - Journal of Mathematical Economics, 2002 - Elsevier
This paper studies a general equilibrium model of an economy with production under
uncertainty in which firms' capital (ownership) structures creates a moral hazard problem for
their managers. The concept of an equilibrium with rational, competitive price perceptions ...
SJ Conte, AW Imershein… - The Journal of Rural …, 1992 - Wiley Online Library
Page 1. Rural Health Policy Rural Community and Physician Perspectives on
Resource Factors Affecting Physician Retention D Susan J. Conte, BA, Allen W.
hershein, PhD, and Michael K. Magill, MD ABSTRACT This study ...
MJP Magill,
JA Scheinkman - International Economic Review, 1979 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 20, No. 2, June, 1979 STABILITY OF
REGULAR EQUILIBRIA AND THE CORRE- SPONDENCE PRINCIPLE FOR SYMMETRIC
VARIATIONAL PROBLEMS* By MICHAEL JP MAGILL AND Jost A. SCHEINKMAN' ...
MK Magill, AP Catinella, L Haas… - … medicine: journal of the …, 1998 - ukpmc.ac.uk
UK PubMed Central (UKPMC) is an archive of life sciences journal literature.
MJP Magill - 1970 - getcited.org
An academic directory and search engine.
S Endsley, MK Magill… - Family practice management, 2006 - mmcpho.org
Page 1. 34 | FAMILY PRACTICE MANAGEMENT | www.aafp.org/fpm | April 2006 Creating
a Lean Practice Scott Endsley, MD, MSc, Michael K. Magill, MD, and Marjorie M. Godfrey,
MS, RN Imagine a practice in which your patients get exactly ...
M Magill… - Economic Theory, 1997 - Springer
Summary. Economists have long argued that loan contracts should be indexed to remove
the risks arising from fluctuations in the purchasing power of money: indexation however
while eliminating one risk, substitutes another, arising from fluctuations in relative prices of ...
M Magill… - Journal of Mathematical Economics, 2003 - Elsevier
This paper studies an overlapping generations (OLG) model with production under the
assumption that capital investment is completely irreversible: installed capital cannot be
transformed back into consumption good nor transferred from one firm to another. Since ...
MK Magill, K Gunning, S Saffel-Shrier… - American family …, 2003 - ukpmc.ac.uk
... Or filter your current search. Gay C. Department of Family and Preventive Medicine,
University of Utah, School of Medicine, Salt Lake City 84132-2118, USA.
michael.magill@hsc.utah.edu. Find all citations in this journal (default). ...
M Magill… - Economic Theory, 2000 - Springer
Summary. This paper derives the equilibrium of an infinite-horizon discrete-time CAPM
economy in which agents have discounted expected quadratic utility functions. We show that
there is an income stream obtainable by trading on the financial markets which best ...
[CITATION] Martine Quinzii, 2004, Demography and the Long Run Behavior of the Stock Market
J Geanakoplos… - Brookings Papers on Economic Activities
MK Magill… - The Journal of Family Practice; The Journal …, 1982 - psycnet.apa.org
APA PsycNET Our Apologies! - The following features are not available with your
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MJP Magill - Journal of Economic Theory, 1976 - www-bcf.usc.edu
Page 1. JOURNAL OF ECONOMIC THEORY 13, 264-271 (1976) The Preferability of Investment
Through a Mutual Fund* MICHAEL J. P. MACILL Department of Economies, Indiana University,
Bloomington, Indiana 47401 Received October 14, 1974; revised April 2, 1976 ...
MK Magill… - FAMILY MEDICINE-KANSAS CITY-, 2001 - stfm.org
Page 1. 268 April 2001 Family Medicine “Faced with the choice between changing
one's mind and proving there is no need to do so, almost everyone gets busy on the
proof.”—John Kenneth Galbraith Family medicine can celebrate ...
M Magill… - IEPR Working Paper No. 05-22, 2005 - papers.ssrn.com
Abstract: This paper studies a general equilibrium model with two groups of agents,
investors (shareholders) and managers of firms, in which managerial effort is not observable
and influences the probabilities of firms' outcomes. Shareholders of each firm offer the ...
MK Magill, RD France… - Medical Teacher, 1986 - informahealthcare.com
Page 1. Medical Teacher, Vol. 8, NO. 2, 1986 149 Educational Relationships MICHAEL
K. MAGILL, Department of Family and Community Medicine, University of Arizona,
Tucson RANDALL D. FRANCE' & KATHARINE A. MUNNING ...
MJP Magill - Journal of Economic Dynamics and Control, 1979 - Elsevier
MJP Magill - International Economic Review, 1979 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 20, No. 3, October, 1979 THE
STABILITY OF EQUILIBRIUM* BY MICHAEL JP MAGILL' 1. INTRODUCTION This
paper presents an analysis of the stability of equilibrium for ...
[CITATION] The stock market in the overlapping generations model with production
M Magill… - 1999 - Working paper 99-13, University of …
M Magill… - Economic Theory, 2009 - Springer
Abstract We develop an alternative approach to the general equilibrium analysis of a
stochastic production economy when firms' choices of investment influence the probability
distributions of their output. Using a normative approach we derive the criterion that a firm ...
M Magill… - Journal of Mathematical Economics, 2008 - Elsevier
This paper presents a model of stock market equilibrium with a finite number of corporations
and studies its normative properties. Each firm is run by a manager whose effort is
unobservable and influences the probabilities of the firm's outcomes. The Board of ...
MK Magill, RL Lloyd, D Palmer… - The Annals of Family …, 2006 - Annals Family Med
... 4 Ambulatory Services, University of Utah Hospitals and Clinics, Salt Lake City, Utah.
CORRESPONDING AUTHOR: Michael K. Magill, MD 375 Chipeta Way, Suite A Salt
Lake City, UT 84108 Michael.Magill{at}hsc.utah.edu. Portions ...
MK Magill - Family Practice Management, 1999 - aafp.org
The author offers insight into how family physicians in leadership roles can build on the
skills they use daily in clinical practice to become effective leaders.
MK Magill, R Quinn, M Babitz… - Academic …, 2001 - journals.lww.com
... Correspondence should be addressed to Dr. Magill, 1C026 School of Medicine, 30 North 1900
East, Salt Lake City, UT 84132-2118; e-mail: 〈michael.magill@hsc.utah.edu〉 Reprints are not
available. This work was partially supported by DHHS grant #2 U76 PE 00268. ...
JP Danthine… - Economics Letters, 1985 - Elsevier
M Magill… - by WA Barnett, B. Cornet, C. …, 1988 - economics.ucdavis.edu
Recent work on the theory of incomplete markets (see Magill and Shafer, 1991) can be
viewed as an attempt to broaden the scope and applicability of standard general equilibrium
theory by introducing a structure of markets, contracts, and constraints on agent ...
KA Bauman… - Journal of Medical Education, 1986 - psycnet.apa.org
APA PsycNET Our Apologies! - The following features are not available with your
current Browser configuration. - alerts user that their session is about to expire -
display, print, save, export, and email selected records - get My ...
MJP Magill… - J. MATH. ANALY. AND APPLIC., 1983 - csa.com
Price relations on futures markets for storable commodities. MJP Magill, J Benhabib J. MATH.
ANALY. AND APPLIC. 91:22, 567-591, 1983. This paper presents a simple theoretical model
of the spot and futures markets for a storable commodity. ...
M Magill… - Annals of Finance, 2006 - Springer
Abstract This paper studies qualitative properties of an optimal contract in a multi-agent
setting in which agents are subject to a common shock. We derive a necessary and sufficient
condition for the optimal reward of an agent producing an output level y to be a ...
M Magill… - 1998 - econometricsociety.org
Economists have long held two opposing views on the merits of the stock market and the
associated corporate form of organization. On the one hand the stock market permits the
substantial production risks of society to be diversified among many investors: this view ...
PR Bergin, M Magill… - Working Papers, 1997 - economics.ucdavis.edu
Abstract: This paper applies the intertemporal approach to the current account to the case of
monetary shocks. A two-country dynamic general equilibrium model with predetermined
wages is proposed as a means to bridge the gap between Mundell-Fleming and modem ...
JW Beasley, L Garcia-Shelton… - FAMILY MEDICINE-KANSAS …, 1998 - stfm.org
Page 1. 515 Vol. 30, No. 7 The three of us recently served to- gether on a peer-review
panel for Title VII family medicine grant merit reviews. These panels are generally
made up of a cross sec- tion of experienced family medi ...
MK Magill - The Annals of Family Medicine, 2005 - Annals Family Med
SC Alder, EP Trunnell, GL White Jr… - American Journal of …, 2005 - eric.ed.gov
EJ792812 - Reducing Parental Demand for Antibiotics by Promoting Communication Skills.
MK Magill… - American family physician, 2000 - ncbi.nlm.nih.gov
1. Am Fam Physician. 2000 Oct 1;62(7):1497, 1501-2, 1504. Generalized anxiety disorder in
family practice patients. Magill MK, Gunning K. Comment on: Am Fam Physician. 2000 Oct
1;62(7):1591-600, 1602. PMID: 11037071 [PubMed - indexed for MEDLINE]. ...
MK Magill… - American family physician, 2007 - ncbi.nlm.nih.gov
1. Am Fam Physician. 2007 May 1;75(9):1310-1. Adolescent pregnancy and associated
risks: not just a result of maternal age. Magill MK, Wilcox R. PMID: 17508524 [PubMed -
indexed for MEDLINE]. Publication Types: Editorial. MeSH Terms. ...
[CITATION] Stability Methods in Dynamic Economics
WA Brock… - 1977 - Department of Economics and …
M Magill, M Quinzii… - 2010 - economics.uchicago.edu
ABSTRACT This paper presents a model of the stakeholder corporation and analyzes the
equilibrium of an economy with stakeholder firms. The analysis is based on a model of a
production economy that differs from the standard approach based on states of nature. ...
[CITATION] Demography and the Predictability of the Stock Market
J Geanakoplos, M Magill… - preprint, 2001
M Magill… - International Economic Review, 2010 - Wiley Online Library
This article uses Taylor series expansions and the assumption of small risks to derive a comoment
criterion that firms should maximize so that the resulting equilibrium is Pareto optimal. This is
done in two models of production under uncertainty: the state-of-nature model in which ...
M Magill… - Economic Theory, 2003 - Springer
Summary. This paper studies the equilibria of a stochastic OLG exchange economies
consisting of identical agents living for two periods, and having the opportunity to trade a
single infinitely-lived asset in constant supply. The agents have uncertain endowments ...
MK Magill, J Day, A Mervis… - Journal for …, 2009 - Wiley Online Library
... 4 University of Minnesota School of Public Health. 5 Bellevue University. * For more information
on this article, contact Michael K. Magill at michael.magill@hsc.utah.edu. Publication History.
Issue published online: 1 JUL 2009; Article first published online: 1 JUL 2009. SEARCH. ...
MK Magill - The Annals of Family Medicine, 2007 - Annals Family Med
MK Magill - Archives of family medicine, 1999 - ncbi.nlm.nih.gov
1. Arch Fam Med. 1999 Jan-Feb;8(1):81-2. Medicine and public health. Whose agenda?
Magill MK. Department of Family and Preventive Medicine, University of Utah School
of Medicine, Salt Lake City, USA. mmagill@dfpm.utah.edu. ...
AP Catinella, MK Magill, SM Thiese… - The Journal of …, 2003 - Wiley Online Library
Page 1. . . . . . Education for Rural Practice . . . . . The Utah Rural Residency Study:
A Blueprint for Evaluating Potential Sites for Development of a 4=4=4 Family Practice
Residency Program in a Rural Community A. Peter Catinella ...
[CITATION] Intertemporal Equilibrium and the Theory of Investment
MJP Magill - 1978 - Discussion Paper, Center for …
MJP Magill, M Nermuth - Journal of Economics, 1986 - Springer
Page 1. Vol. 46 (1986), No. 3, pp. 233--252 Journal of Er Zeitschrifl fur NatlonalSkonomle 9 by
Springer-Verlag 1986 On the Qualitative Properties of Futures Market Equilibrium By Michael
JP Magill, Los Angeles, California, USA, and Manfred Nermuth, Bielefeld, FRG* ...
[CITATION] The Stock Market in the Overlapping Generations
M Michael… - California Davis· Department Of Economics, 2002
M Magill… - CEPREMAP Working Papers (Couverture …, 1985 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. Allocation
of aggregate and individual risks through financial markets. Michael Magill and Shafer Wj. ...
[CITATION] Incomple markets
M Magill… - Handbook of Mathematical Economics, 1991
[CITATION] JP," Some Results on the Local Stability of the Process of Capital Accumulation,"
M Magill - Journal of Economic Theory,
M Magill… - 2005 - papers.ssrn.com
Abstract: This paper studies qualitative properties of an optimal contract in a multi-agent
setting in which agents are subject to a common shock. We derive a necessary and sufficient
condition for the optimal reward of an agent producing an output level y to be a ...
M MAGILL, M QUINZII… - 2011 - federation.ens.fr
ABSTRACT This paper presents a model of the stakeholder corporation and analyzes the
equilibrium of an economy with stakeholder firms. The analysis is based on a model of a
production economy that differs from the standard approach where uncertainty is modeled ...
M Magill, W Shafer, W Hildenbrand… - en.scientificcommons.org
deutsch english. Publication View. 1034576. Incomplete markets. Handbook of
Mathematical Economics. Magill, Michael,; Shafer, Wayne,; W. Hildenbrand,; H.
Sonnenschein. Publication details. Download, http://www.sciencedirect ...
MK Magill - FAMILY MEDICINE-KANSAS CITY-, 1998 - stfm.org
Page 1. 744 November-December 1998 Family Medicine Commentary As we stepped
in the front door of the comfortable house, “The Swiss Family Robinson” was playing
on the large-screen TV wired to the VCR. In the movie ...
N Whitman… - FAMILY MEDICINE-KANSAS CITY-, 1998 - stfm.org
... For the Office-based Teacher of Family Medicine Editor's Note: Neal Whitman, EdD, and Michael
Magill, MD, are well-known family medicine educators and have published a number of works
about the education of medical students in the clinical setting. ...
MK Magill… - American family physician, 1987 - ncbi.nlm.nih.gov
1. Am Fam Physician. 1987 Jan;35(1):187-95. Borderline personality disorder. Magill
MK, Garrett RW. The lives of patients with borderline personality disorder are
characterized by turmoil, and their interpersonal relationships by conflict. ...
MJP Magill - 1977 - 129.105.97.149
Page 1. Discussion Paper No. Z96 THE ORIGIN OF CYCLING IN DYNAMIC
ECONOMIC MODELS ARISING FROM MAXIMISING BEHAVIOUR* BY MICHAEL
JP MAGILL August 1977 *The author is grateful to the Department ...
MJP Magill - Economics Letters, 1980 - Elsevier
MJP Magill - Metroeconomica, 1974 - Wiley Online Library
Page 1. THE DUALITY OF THE PRICE AND TECHNOLOGY SETS by Michael J. P. Magill
Indiana University This paper is concerncd with the gencralisation of Samuleson's
factor-price frontier in the fraiiicwork of cflicient allocation of resources. ...
H Cheng… - Journal of Mathematical Analysis and Applications, 1985 - Elsevier
MJP Magill - Discussion Papers, 1978 - kellogg.northwestern.edu
Page 1. Discussion Paper No. 334 ON CYCLICAL MOTION IN DYNAMIC ECONOMICS* by
MICHAEL JP MAGILL July 1978 *This research was supported by a grant from the National
Science Foundation SOC 76-16838. I am grateful to William Brock for helpful discussions. ...
M Magill… - General Equilibrium: Problems, Prospects …, 2003 - www-rcf.usc.edu
The objective of general equilibrium theory is to understand how the complex structure of
contractual markets, characteristic of a modern economy, provides a mechanism for agents
(consumers, firms and government) to coordinate their decisions, share their risks and ...
[CITATION] Martine Quinzii, 2004
J Geanakoplos… - Demography and the Long Run Behavior of the Stock …
J Geanakoplos, M Magill… - 2003 - economics.ucr.edu
The secular movement of the US stock market in the postwar period has been characterized
by three distinct episodes of sustained increase or decrease of real stock prices: the bull
market of the fifties and early sixties, the subsequent bear market of the seventies and ...
M MAGILL… - 2009 - econ.ucdavis.edu
Abstract. This paper proposes an abstract framework for studying how monetary policy can
anchor agents' expectations of inflation—the prime mandate of a Central Bank—in a regime
where monetary-fiscal policy is Ricardian so that agents' expectations are indeterminate. ...
M Magill… - … theory and applications: proceedings of the …, 1991 - books.google.com
Recent work on the theory of incomplete markets (see Magill and Shafer, 1991) can be
viewed as an attempt to broaden the scope and applicability of standard general equilibrium
theory by introducing a structure of markets, contracts, and constraints on agent ...
J Borkan, M Magill, M Schenk… - The Annals of Family …, 2009 - Annals Family Med
Popular myth holds that medical school department chairs sit in ivory (or ivy) towers, far from
the din of humanity, health, and illness. Nothing could be further from the reality for the vast
majority of family medicine chairs and faculty. Although research, education, and scholarly ...
M Magill, M Quinzii… - Economic Journal, 1997 - en.scientificcommons.org
Abstract The Theory of Incomplete Markets provides a unified framework for analyzing the
real, financial, and monetary sectors of an economy. It describes an innovative theory that
takes into account the fact that in order to coordinate their activities and share their risks, ...
M Magill… - October, 2000 - mendeley.com
Abstract This paper derives the equilibrium of an infinite-horizon discrete-time CAPM
economy in which agents have discounted expected quadratic utility functions. We show that
there is an income stream obtainable by trading on the financial markets which best ...
M Quinzii… - 2007 - econstor.eu
Zusammenfassung: We develop an alternative approach to the general equilibrium analysis
of a stochastic production economy when firm's choices of investment influence the
probability distributions of their output. Using a normative approach we derive the criterion ...
W Newton, J Borkan, H Williamson… - The Annals of Family …, 2009 - Annals Family Med
The need for family medicine (FM) leaders in departments in academic and medical
institutions, health related organizations, and government is rapidly growing, yet the pipeline
is running dry. In recent years, numerous chair searches have yielded few applicants and ...
J Day… - UH Review 2008, 2008 - matheson.utah.edu
The article discusses a practice redesign model that is being implemented in ten University-
based community clinics. The model is designed to improve both prevention and
management of chronic disease. The model using a team-based approach is described, ...
WJ Shafer… - ideals.illinois.edu
The principal objective of general equilibriumtheory is to study the al-location of resources
achievable via a system of markets. If all activity in an economy could be viewed as taking
place in a single period then it would per-haps be reasonable to assume that markets are ...
M Quinzii… - Working Papers, 2007 - ifd.dauphine.fr
Page 1. The Probability Approach to General Equilibrium with Production Michael Magill Martine
Quinzii Institut Finance Dauphine December 19, 2007 MM, MQ (Institut Finance Dauphine)
Probability Approach December 19, 2007 1 / 22 Page 2. Outline ...
M Quinzii… - Working Papers, 2008 - ideas.repec.org
This paper presents a model of stock market equilibrium with a finite number of corporations
and studies its normative properties. Each firm is run by a manager whose effort is
unobservable and influences the probabilities of the firm's outcomes. The Board of ...
A Dixit, S Brittan, DMG Newbery, RJ Barro… - The Economic …, 1997 - res.org.uk
We re-examine the basic investment problem of deciding when to incur a sunk cost to obtain
a stochastically fluctuating benefit. The optimal investment rule satisfies a trade-off between
a larger versus a later net benefit; we show that this trade-off is closely analogous to the ...
MJP Magill - Empirica, 1984 - Springer
Page 1. Understanding Futures Markets Michael JP Magill Zusammenfassung Die
Arbeit besteht aus drei Teilen: Der erste enth~lt einige empirische Eigenschaften
von Terminm~irkten; der zweite gibt einen kurzen 0berblick ...
M Quinzii… - Working Papers - ideas.repec.org
This paper studies a general equilibrium model with two groups of agents, investors
(shareholders) and managers of firms, in which managerial effort is not observable and
influences the probabilities of firms' outcomes. Shareholders of each firm offer the ...
M Magill… - 2004 - econstor.eu
Zusammenfassung: This paper studies qualitative properties of an optimal contract in a multi-
agent setting in which agents are subject to a common shock. We derive a necessary and
sufficient condition for the optimal reward of an agent to be a decreasing (increasing) ...
M Magill… - 2008 - papers.ssrn.com
Abstract: This paper shows that there is a common criterion for firms for the two canonical
equilibrium models of production under uncertainty, the state-of-nature model and the
probability model. When security markets are sufficiently rich to efficiently allocate firms' ...
HC Cheng… - Economics Letters, 1983 - Elsevier
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