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

  • Frantisek Turnovec

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.

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Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Working Papers with number 13.

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Date of creation: Apr 2000
Date of revision:
Publication status: Published as wiiw Working Paper
Handle: RePEc:wii:wpaper:13
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  1. Marie Bohatá, 1998. "Some implications of voucher privatization for corporate governance," Prague Economic Papers, University of Economics, Prague, vol. 1998(1).
  2. Roman Matoušek, 1998. "Banking regulation and supervision: lessons from the czech republic," Prague Economic Papers, University of Economics, Prague, vol. 1998(1).
  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.
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