CRETTEZ, Bertrand; MICHEL, Philippe - Centre Interuniversitaire de Recherche en Économie … - 2004
This paper addresses the issue of the determination of return to capital when there is no exogenous ownership in firms. Hahn and Solow have proposed a notion of equilibrium for this setting and we consider this notion from a partial equilibrium point of view (i.e. under the assumption that the...