Arithmetics of Property Rights: A Leontief-type Model of Ownership Structures

Frantisek Turnovec ()

Homo Oeconomicus, 2005, vol. 23, 371-379

Abstract: A simple algebraic model of a property structure leading to the Leontief-type input-output scheme is developed and used to eliminate indirect ownership relations and evaluate the final distribution of national property among individual owners. Concepts of æfamily capitalismÆ and æcapitalism of agentsÆ type of corporate governance are defined and compared. Implications of different designs of corporate governance for general equilibrium theory, profit distribution and decision making are discussed.

Date: 2005
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Working Paper: Arithmetic of Property Rights: A Leontief-type Model of Ownership Structures (2005)
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