Ownership Structure and Efficiency in Large Economies

We analyze the limit behavior of sequences of oligopolistic equilibria in which firms follow objectives consistent with their shareholders' interests. We show that the efficiency of the limit allocation depends on how firms' shares are distributed across consumers, and provide a characterization of the class of ownership structures that lead to Walrasian equilibrium allocations in the limit.

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Year of publication:	2009-10-06
Authors:	Bejan, Camelia ; Bidian, Florin

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Bejan, Camelia and Bidian, Florin (2009): Ownership Structure and Efficiency in Large Economies.
Classification:	D21 - Firm Behavior ; C02 - Mathematical Methods ; D51 - Exchange and Production Economies ; D43 - Oligopoly and Other Forms of Market Imperfection ; G30 - Corporate Finance and Governance. General
Source:	BASE

Persistent link: https://www.econbiz.de/10015218496