Political ownership
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Political ownership. / Bennedsen, Morten.
I: Journal of Public Economics, Bind 76, Nr. 3, 01.01.2000, s. 559-581.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Political ownership
AU - Bennedsen, Morten
PY - 2000/1/1
Y1 - 2000/1/1
N2 - Political involvement in the operation of an enterprise, whether it is private or state owned, creates opportunities for 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.
AB - Political involvement in the operation of an enterprise, whether it is private or state owned, creates opportunities for 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.
KW - D21
KW - D23
KW - D78
KW - H11
KW - Influence externality
KW - L33
KW - Ownership structure
KW - Resource allocation
KW - Side payments
UR - http://www.scopus.com/inward/record.url?scp=0038170423&partnerID=8YFLogxK
U2 - 10.1016/S0047-2727(99)00096-1
DO - 10.1016/S0047-2727(99)00096-1
M3 - Journal article
AN - SCOPUS:0038170423
VL - 76
SP - 559
EP - 581
JO - Journal of Public Economics
JF - Journal of Public Economics
SN - 0047-2727
IS - 3
ER -
ID: 215134511