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A Leontief-type Model of Ownership Structures. Methodology and Implications

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  • Frantisek Turnovec

Abstract

A simple algebraic model of a property structure leading to Leontief's input-output scheme is developed and used to eliminate indirect ownership relations and evaluate the final distribution of national property among individual owners. A concept of transparency of an ownership structure is defined. Implications of non-transparency for general equilibrium theory, profit distribution and decision making are discussed.

Suggested Citation

  • Frantisek Turnovec, 2000. "A Leontief-type Model of Ownership Structures. Methodology and Implications," wiiw Working Papers 13, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:wpaper:13
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    References listed on IDEAS

    as
    1. Marie Bohatá, 1998. "Some implications of voucher privatization for corporate governance," Prague Economic Papers, Prague University of Economics and Business, vol. 1998(1).
    2. Rumen Dobrinsky, 2000. "Fiscal Policy Under a Currency Board Arrangement: Bulgaria's Post-crisis Policy Dilemmas," wiiw Research Reports 265, The Vienna Institute for International Economic Studies, wiiw.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Roman Matoušek, 1998. "Banking regulation and supervision: lessons from the czech republic," Prague Economic Papers, Prague University of Economics and Business, vol. 1998(1).
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    More about this item

    Keywords

    ownership structure; primary owners; privatization illusion; secondary owners; transparency;
    All these keywords.

    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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