Nepotism, Discrimination, and the Persistence of Utility‐Maximizing, Owner‐Operated Firms: Comment

Shmuel Sharir

Southern Economic Journal, 1999, vol. 65, issue 4, 953-958

Abstract: A recent thoughtful paper by Singell and Thornton (thereafter ST) in the Southern Economic Journal deviates in definitions, modeling, and a result from the traditional literature on tastes for discrimination and nepotism that originates with Becker and Arrow. This comment provides a critique of these three aspects of the ST analysis. In particular, it shows that ST's astonishing result that discrimination will persist in a competitive labor market is unjustified, ST's unconventional definitions of owners with unbiased and biased preferences are wrong, and ST's unique modeling of discrimination and nepotism is unsupported.

Date: 1999
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https://doi.org/10.1002/j.2325-8012.1999.tb00211.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:65:y:1999:i:4:p:953-958

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