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Titre Politique financière de la firme et système complet de demande de facteurs
Auteur Lise Salvas-Bronsard, Pierre Ouellette, Camille Bronsard
Mir@bel Revue Economie et prévision
Numéro no 112, 1994/1
Rubrique / Thématique
Variables financières et prévisions
Page 139-145
Résumé anglais Corporate Financial Policy and a Complete System of Factor Supply and Demand, by Camille Bronsard, Pierre Ouellette and Lise Salvas-Bronsard. This article presents a joint axiomatization of technology, expectations and contractual links between firms and their shareholders to draw a complete system of factor supply and demand including financial assets. This system is based on the temporary context using a suitable Hotelhng lemma. It is shown that equivalence relations exist between the characteristics of expectation functions, on the one hand, and the relation between the profit function and the net supply functions just as with the Modigliam-Miller theorem on the other hand. Keywords: temporary context, Hotelling lemma, Modigliani-Miller tneorum, complete system of factor supply and demand, real cash-flow effect.
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Article en ligne http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1994_num_112_1_5657