, strategic interaction, increasing and diminishing returns, scale and state capacity, surplus extraction, and Type I errors. The …

The pattern of ownership and control of British industry is unusual compared with most other countries in that … ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting … minority of the shares. Majority ownership by a single shareholder is unusual. It is not uncommon for the largest shareholding …

, an analogous model of not-for-profit competition predicts no such correlation. We then interrogate these predictions … classic theories of oligopolistic competition between for-profit firms to the not-for-profit case and fail to reject the …