Villeneuve, Bertrand; Zhang, Vanessa Yanhua - Université Paris-Dauphine (Paris IX) - 2013
We analyze the trade-off faced by authorities envisaging a one-shot structural re-form in a capitalistic industry. A structure is modeled as (1) a sharing of productive capital at some time and (2) a sharing of scarce sites or any other non-reproducible assets. These two distinct dimensions of...