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 convergence to a competitive outcome may fail for some distributions of firms' shares across consumers, and provide a characterization of the class of ownership structures that lead to Walrasian equilibrium allocations in the limit

MoreLess

Year of publication:	2013
Authors:	Bejan, Camelia
Other Persons:	Bidian, Florin (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Eigentümerstruktur \| Ownership structure \| Theorie \| Theory \| Effizienz \| Efficiency

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (38 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory, Vol. 50, No. 3, 2012 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 30, 2010 erstellt
Classification:	D21 - Firm Behavior ; D43 - Oligopoly and Other Forms of Market Imperfection ; D51 - Exchange and Production Economies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013080270