Table 1:

Equilibrium equity share αi*.

Stockθ
Net Worth NWθ = 1/10θ = 3/10θ = 1/2θ = 7/10θ = 1
NW = 1/20.0190.0600.1050.1540.241
NW = 10.00090.0280.0500.0710.105
NW = 20.0050.0140.0240.0340.049
NW = 30.0030.0090.0160.0220.032

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