Bejan, Camelia and Bidian, Florin (2009): Ownership Structure and Efficiency in Large Economies.

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Abstract
We analyze the limit behavior of sequences of oligopolistic equilibria in which firms follow objectives consistent with their shareholders' interests. We show that the efficiency of the limit allocation depends on how firms' shares are distributed across consumers, and provide a characterization of the class of ownership structures that lead to Walrasian equilibrium allocations in the limit.
Item Type:  MPRA Paper 

Original Title:  Ownership Structure and Efficiency in Large Economies 
Language:  English 
Keywords:  the objective of the firm, oligopolistic competition, ownership structure, efficiency 
Subjects:  D  Microeconomics > D2  Production and Organizations > D21  Firm Behavior: Theory C  Mathematical and Quantitative Methods > C0  General > C02  Mathematical Methods D  Microeconomics > D5  General Equilibrium and Disequilibrium > D51  Exchange and Production Economies D  Microeconomics > D4  Market Structure and Pricing > D43  Oligopoly and Other Forms of Market Imperfection G  Financial Economics > G3  Corporate Finance and Governance > G30  General 
Item ID:  17677 
Depositing User:  Camelia Bejan 
Date Deposited:  06. Oct 2009 09:17 
Last Modified:  17. Feb 2013 10:46 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/17677 