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Indirect control and power in mutual control structures

Abstract:

In a mutual control structure (mcs) agents exercise control over each other. Typical examples occur in the area of corporate governance: firms and investment companies exercise mutual control, in particular by owning each others’ stocks. We represent such situations in two equivalent ways: by a function assigning to each coalition the set of controlled players, and by a simple game structure in which for each player a simple game describes who controls that player. These concepts are similar ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.geb.2015.06.003

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Department:
University of Maastricht
Publisher:
Elsevier Publisher's website
Journal:
Games and Economic Behavior
Volume:
92
Pages:
150–165
Acceptance date:
2015-11-06
DOI:
ISSN:
0899-8256
Language:
English
Keywords:

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