Political ownership

被引：34

作者：

Bennedsen, M

机构：

[1] Copenhagen Business Sch, Ctr Ind Econ, DK-2000 Copenhagen F, Denmark

[2] Ctr Labour Market & Social Res, DK-2000 Copenhagen F, Denmark

来源：

JOURNAL OF PUBLIC ECONOMICS | 2000年 / 76卷 / 03期

关键词：

ownership structure; influence externality; side payments; resource allocation;

D O I：

10.1016/S0047-2727(99)00096-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Political involvement in the operation of an enterprise, whether it is private or state owned, creates opportunities fur interest groups to influence the allocation of resources. Resource allocation transfers rent both between unions and private owners within the firm and between these organized insiders and the disorganized taxpayers. I investigate how insiders' lobby activities distort resource allocation in a state owned enterprise. Then I show that efficiency in labour allocation is improved when cash flow is transferred to private owners, Finally, I analyze how transferring control rights affects efficiency in resource allocation when there are restrictions on side payments between the interest groups. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：559 / 581

页数：23