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