Crès, Hervé; Tvede, Mich - In: Journal of Mathematical Economics 45 (2009) 3-4, pp. 212-222
In the present paper we study voting-based corporate control in a general equilibrium model with incomplete financial markets. Since voting takes place in a multi-dimensional setting, super-majority rules are needed to ensure existence of equilibrium. In a linear-quadratic setup we show that the...