Family Capitalism vs. Capitalism of Agents A Leontief-type Model of Ownership Structures
Abstract
A simple algebraic model of a property structure leading to the Leontief's input-output scheme is developed and used to eliminate indirect ownership relations and evaluate the fmal distribution of national property among individual owners. Concepts of "family capitalism" and "capitalism of agents" type of corporate governance are defmed and compared. Implications of different designs of corporate governance for general equilibrium theory, profit distribution and decision making are discussed.Download Info
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Article provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.
Volume (Year): 8 (2001)
Issue (Month): 13 ()
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Web page: http://ces.utia.cas.cz
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Keywords: Corporate governance; Leontief's model; ownership structure; pnmary owners; secondary owners;Find related papers by JEL classification:
- C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
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