Pareto Optimality and Competition

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

The Cost of Capital, Corporation Finance and the Theory of Investment

1958 • 15,488 citations

Credit Rationing in Markets with Imperfect Information.

1981 • 12,689 citations

Job Market Signaling

1973 • 12,677 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

The arbitrage theory of capital asset pricing

1976 • 7,056 citations

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

On the Impossibility of Informationally Efficient Markets

1980 • 4,825 citations

Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information

1976 • 4,707 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

On the impossibility of informationally efficient markets

1980 • 3,972 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation

1980 • 3,168 citations

Monopolistic Competition with Outside Goods

1979 • 3,043 citations

The Private and Social Value of Information and the Reward to Inventive Activity

1971 • 1,459 citations

Some anomalous evidence regarding market efficiency

1978 • 1,440 citations

Product Selection, Fixed Costs, and Monopolistic Competition

1976 • 1,438 citations

Imperfect Information, Uncertainty, and Credit Rationing

1976 • 1,388 citations

The Theory of Screening, Education, and the Distribution of Income

1975 • 1,311 citations

The Role of Securities in the Optimal Allocation of Risk-bearing

1973 • 1,203 citations

The Role of Securities in the Optimal Allocation of Risk-bearing

1964 • 1,125 citations

Information and Competitive Price Systems

1976 • 902 citations

Variety, Equity, and Efficiency

1979 • 778 citations

On the optimality of equilibrium when the market structure is incomplete

1975 • 769 citations

THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY

1978 • 515 citations

The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds

1970 • 451 citations

On the Irrelevance of Corporate Financial Policy

1974 • 382 citations

Mutual fund separation in financial theory—The separating distributions

1978 • 359 citations

Credit Rationing in Markets With Imperfect Information

2007 • 343 citations

The Theory of Value

1892 • 341 citations

Incentives, Risk , and Information: Notes Towards a Theory of Hierarchy

1975 • 315 citations

Capital Markets: Theory and Evidence

2003 • 292 citations

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs: Reply

1972 • 281 citations

Equilibrium Credit Rationing

2017 • 267 citations

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-overs

1972 • 266 citations

The Inefficiency of the Stock Market Equilibrium

1982 • 242 citations

Capital Markets: Theory and Evidence

1972 • 229 citations

A note on “fulfilled expectations” equilibria

1977 • 217 citations

Investment Under Private Ownership: Optimality, Equilibrium and Stability

1974 • 195 citations

Information and Capital Markets

1971 • 194 citations

On the Optimality of the Stock Market Allocation of Investment

1972 • 167 citations

THE CURRENT STATUS OF THE CAPITAL ASSET PRICING MODEL (CAPM)

1978 • 153 citations

The Current Status of the Capital Asset Pricing Model (CAPM)

1978 • 119 citations

Corporate Investment under Uncertainty and Pareto Optimality in the Capital Markets

1972 • 112 citations

Stockholder Unanimity in Making Production and Financial Decisions

1980 • 110 citations

The Non-Existence of Informational Equilibria

1977 • 104 citations

ON VALUE MAXIMIZATION AND ALTERNATIVE OBJECTIVES OF THE FIRM

1977 • 102 citations

A characterization of the optimality of equilibrium in incomplete markets

1977 • 93 citations

Allocation under Uncertainty: Equilibrium and Optimality

1974 • 92 citations

Investment Policy, Optimality, and the Mean‐Variance Model

1979 • 81 citations

The Optimality of a Competitive Stock Market

1974 • 78 citations

Studies in energy tax policy

1975 • 31 citations

Investment Policy, Optimality, and the Mean-Variance Model

1979 • 23 citations

Monopolistic Competition and the Capital Market

1989 • 12 citations

Pareto inferior trade and optimal trade policy

1983 • 9 citations

Monopolistic Competition and the Capital Market

2001 • 1 citations

Bankpolitik bei Informationsasymmetrie

1981 • 1 citations