search query: @indexterm INSIDER-OUTSIDER MODELS / total: 6
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| Author: | Müller, H.M. Wärneryd, K. |
| Title: | Inside versus outside ownership: a political theory of the firm |
| Journal: | RAND Journal of Economics
2001 : AUTUMN, VOL. 32:3, p. 527-541 |
| Index terms: | CONTRACTS INSIDER-OUTSIDER MODELS POLITICS |
| Freeterms: | OWNERSHIP |
| Language: | eng |
| Abstract: | If contracting within the firm is incomplete, managers will expend resources on trying to appropriate a share of the surplus that is generated. The authors show that outside ownership may alleviate the deadweight losses associated with such costly distributional conflict, even if all it does is add another level of conflict. |
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