Ownership structure and efficiency in large economies

B-Tier
Journal: Economic Theory
Year: 2012
Volume: 50
Issue: 3
Pages: 571-602

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We analyze the limit behavior of sequences of oligopolistic equilibria in which firms follow objectives consistent with their shareholders’ interests. We show that convergence to a competitive outcome may fail for some distributions of firms’ shares across consumers and provide a characterization of the class of ownership structures that lead to Walrasian equilibrium allocations in the limit. Copyright Springer-Verlag 2012

Technical Details

RePEc Handle
repec:spr:joecth:v:50:y:2012:i:3:p:571-602
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24