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

By: Turnovec, Frantisek.
Material type: materialTypeLabelBookSeries: wiiw Working Papers: 13Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2000Description: S., 30cm.Subject(s): ownership structure | primary owners | privatization illusion | secondary owners | transparencyCountries covered: non specificClassification: C60 | L33 | K11 Online resources: Click here to access online Summary: 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 WIIW Library 5.700/13 (Browse shelf(Opens below)) Available 1000010000512

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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The Vienna Instiute for International Economic Studies (wiiw)