A Theoretical and Empirical Study on Financial Structure, CorporateControl and Oligopolistic Market Competition

金融结构、公司控制与寡头垄断市场竞争的理论与实证研究

• 批准号: 22530251
• 负责人: SHINKAI Tetsuya
• 金额: $ 2.75万
• 依托单位: Kwansei Gakuin University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2010
• 资助国家: 日本
• 起止时间: 2010 至 2012
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22530251/
• 关键词: 有限責任; 無限責任; 権限委譲; 企業統治; 企業の行動目的; 寡占市場; Cournot寡占; 権限移譲; 寡占競争; 企業金融; Cournot複占; 経済厚生; 企業目的選択の内生化

We examine an effect of limited liability on strategic delegation in a Cournot duopoly with demand uncertainty. We establish that owners of each firm always delegate their tasks, decisions, and responsibility to a manager under limited liability, while they do not always do so underunlimited liability. In addition, we construct a two-stage game in that the first stage, each of the oligopolistic firms chooses its business organizational form, while in the second stage each behaves in a Cournot fashion. We established that (1) even if an unlimited liability firm is viable, all firms become limited liability entities in equilibrium, and (2) the equilibrium industry configuration, where all firmsbecome limited liability entities, achieves efficiency in the second-best sense.

本文研究了在需求不确定的古诺双寡头垄断中，有限责任对战略授权的影响。我们认为，每个企业的所有者总是把他们的任务、决策和责任委托给有限责任的经理，而在无限责任的情况下，他们并不总是这样做。此外，我们构建了一个两阶段的博弈，在第一阶段，每个寡头企业选择其业务组织形式，而在第二阶段，每个行为在古诺时尚。我们建立了（1）即使无限责任公司是可行的，所有的公司都成为有限责任实体的均衡，（2）均衡行业配置，其中所有的公司都成为有限责任实体，实现了次优意义上的效率。

项目成果

Delegation and Limited Liability in a Modern Capitalistic Economy

现代资本主义经济中的授权和有限责任

• 发表时间: 2012
• 期刊: Discussion Paper Series, School of Economics, KwanseiGakuin University
• 作者: Tetsuya Shinkai;Takao Ohkawa;MakotoOkamura and Kozo Harimaya
• 通讯作者: MakotoOkamura and Kozo Harimaya

Endogenous Determination of Business Organizational Form : Company Limited vs.Partnership

企业组织形式的内生决定：股份有限公司与合伙企业

• 发表时间: 2011
• 期刊: Discussion Paper Series No.11002, Faculty of Economics, Ritsumeikan University
• 作者: Tetsuya Shinkai;Takao Ohkawa,;Makoto Okamura;Kozo Harimaya;Takao Ohkawa
• 通讯作者: Takao Ohkawa

Why did the Dutch East India Co. outperform the British East India Co.? —A theoretical explanation based on the objective of the firm and limited liability—

为什么荷兰东印度公司的表现优于英国东印度公司——基于公司和有限责任目标的理论解释——

• 发表时间: 2012
• 期刊: Discussion Paper Series, School of Economics, Kwansei Gakuin University
• 作者: Tetsuya Shinkai;Takao Ohkawa; Makoto Okamura and Kozo Harimaya
• 通讯作者: Makoto Okamura and Kozo Harimaya

The Tragedy of the Anti-commons in the Long Run in a Common-resource Economy

公共资源经济中长期反公地的悲剧

• DOI: 10.1111/j.1468-5876.2012.00571.x
• 发表时间: 2012
• 期刊: Japanese Economic Review
• 影响因子: 1.2
• 作者: Takao Ohkawa;Tetsuya Shinkai;Makoto Okamura;Kozo Harimaya
• 通讯作者: Kozo Harimaya