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


Frantisek Turnovec

wiiw Working Paper No. 13, April 2000

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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

JEL classification: C60, L33, K11

Countries covered: non specific