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

Frantisek Turnovec ()

No 13, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: 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.

Keywords: ownership structure; primary owners; privatization illusion; secondary owners; transparency (search for similar items in EconPapers)
JEL-codes: C60 K11 L33 (search for similar items in EconPapers)
Date: 2000-04
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