Economics at your fingertips  

?Investissement et financement dans un monopole avec bénéfices privés?

Jacques Thépot ()

Revue d'économie industrielle, 2015, vol. n° 149, issue 1, 149-168

Abstract: ?This article examines the impact of private benefits on investment and financing decisions in a monopoly. Originally a 100?% shareholder, its manager must decide both the amount of capital sold to an outside investor and / or the loan he makes to finance an investment in capacity. We study how to combine these two sources of funding when the manager extracts private benefits that increase the cost of production. We show that borrowing indirectly becomes a prime source of funding for these private benefits?

Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
Working Paper: Investissement et financement dans un monopole avec bénéfices privés (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revue d'économie industrielle from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2020-03-29
Handle: RePEc:cai:reidbu:rei_149_0149