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The Structure of Corporate Ownership: Causes and Consequences
This paper argues that the structure of corporate ownership varies systematically in ways that are consistent with value maximization. Among the variables that are empirically significant inExpand
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Production, Information Costs, and Economic Organization
This publication contains reprint articles for which IEEE does not hold copyright. Full text is not available on IEEE Xplore for these articles.
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The Structure of Ownership and the Theory of the Firm
  • H. Demsetz
  • Economics
  • The Journal of Law and Economics
  • 1 June 1983
Provides a model that explains forms of business organizations in terms of ownership structure, on-the-job consumption preferences, and monitoring costs. The thesis of Berle and Means that theExpand
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Toward a Theory of Property Rights
When a transaction is concluded in the marketplace, two bundles of property rights are exchanged. A bundle of rights often attaches to a physical commodity or service, but it is the value of theExpand
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Ownership Structure and Corporate Performance
This paper investigates the relation between the ownership structure and the performance of corporations if ownership is made multi-dimensional and also is treated as an endogenous variable. To ourExpand
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Industry Structure, Market Rivalry, and Public Policy
  • H. Demsetz
  • Economics
  • The Journal of Law and Economics
  • 1 April 1973
UANTITATIVE work in industrial organization has been directed mainly to the task of searching for monopoly even though a vast number of other interesting topics have been available to the student ofExpand
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The Cost of Transacting
Introduction, 33. — The definition and measurement of transaction cost on the New York stock exchange, 35. — The determination of the ask-bid spread, 40. — The determination of the transaction rate,Expand
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The Theory of the Firm Revisited
From the birth of modern economics in 1776 to 1970, a span of almost 200 years, only two works seem to have been written about the theory of the firm that have altered the perspectives of theExpand
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Why Regulate Utilities
Current economic doctrine offers to its students a basic relationship between the number of firms that produce for a given market and the degree to which competitive results will prevail. StatedExpand
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The Property Right Paradigm
Economics textbooks invariably describe the important economic choices that all societies must make by the following three questions: What goods are to be produced? How are these goods to beExpand
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