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Competing for Ownership Author info | Abstract | Publisher info | Download info | Related research | Statistics Patrick Legros (ECARES, Université Libre de Bruxelles; and CEPR)
Andrew F. Newman () (Boston University)
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We develop a tractable model of the allocation of control in firms in competitive markets, which permits us to study how changes in the scarcity of assets, skills or liquidity in the market translate into control inside the organization. Firms will be more integrated when the terms of trade are more favorable to the short side of the market, when liquidity is unequally distributed among existing firms and following a uniform increase in productivity. The model identifies a price-like mechanism whereby local liquidity or productivity shocks propagate and lead to widespread organizational restructuring.
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Paper provided by Boston University - Department of Economics in its series Boston University - Department of Economics - Working Papers Series with number
WP2007-003.
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Length: 36 pages
Date of creation: Jan 2007Date of revision:
Handle: RePEc:bos:wpaper:wp2007-003Contact details of provider: Postal: 270 Bay State Road, Boston, MA 02215 Phone: 617-353-4389 Fax: 617-353-444 Web page: http://www.bu.edu/econ/ More information through EDIRC
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Article Paper Patrick Legros & Andrew F. Newman, 2004.
"Competing for Ownership ,"
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
dp-148, Boston University - Department of Economics.
[Downloadable!] Legros, Patrick & Newman, Andrew, 2000.
"Competing for Ownership ,"
CEPR Discussion Papers
2573, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Patrick Legros & Andrew F. Newman, 2007.
"Competing for Ownership ,"
CEDI Discussion Paper Series
07-02, Centre for Economic Development and Institutions(CEDI), Brunel University.
[Downloadable!] This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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"Contractual Institutions, Financial Development and Vertical Integration: Theory and Evidence ,"
Economics Series Working Papers
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IEW - Working Papers
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CEPR Discussion Papers
5258, C.E.P.R. Discussion Papers.
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"Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities ,"
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
dp-149, Boston University - Department of Economics, revised Nov 2004.
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"Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities ,"
Economics Working Papers
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[Downloadable!] Patrick Legros & Andrew F. Newman, 2007.
"Beauty Is a Beast, Frog Is a Prince: Assortative Matching with Nontransferabilities ,"
Econometrica ,
Econometric Society, vol. 75(4), pages 1073-1102, 07.
[Downloadable!] (restricted) Daron Acemoglu & Pol Antràs & Elhanan Helpman, 2005.
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NBER Working Papers
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"Power Inside the Firm and the Market: a General Equilibrium Approach ,"
CEPR Discussion Papers
3526, C.E.P.R. Discussion Papers.
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Dalia Marin & Thierry Verdier, 2001.
"Power Inside the Firm and the Market: A General Equilibrium Approach ,"
Discussion Papers
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"Power Inside The Firm and The Market: A General Equilibrium Approach ,"
Journal of the European Economic Association ,
MIT Press, vol. 6(4), pages 752-788, 06.
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PSE Working Papers
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