Private Benefits and Product Market Competition (notice n° 838058)
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| fixed length control field | 02386cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250123141252.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Thépot, Jacques |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Private Benefits and Product Market Competition |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2013.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 14 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Bénéfices privés et concurrence sur le marché des produitsCet article traite de l’influence des bénéfices privés sur la valeur des entreprises en situation d’oligopole. Les bénéfices privés sont supposés générer des coûts qui sont transmis à travers la structure organisationnelle. Ils créent ainsi des distorsions de prix sur le marché de produits en aval. Nous montrons que cela peut affecter positivement le résultat (c’est-à-dire la valeur de marché) des entreprises puisque l’intensité de la concurrence est réduite par l’augmentation des coûts unitaires. En situation d’oligopole, l’extraction des bénéfices privés peut améliorer les profits tout en induisant une perte de bien-être : cela suggère que la gouvernance d’entreprise ne peut pas être dissociée de la politique de la concurrence, dans les secteurs où l’opportunisme managérial se traduit par des coûts d’exploitation.Classification JEL : G38, D43. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The impact of private benefits extraction on the values of oligopolistic firms is analyzed. Private benefits are assumed to generate costs which are passed through the organizational structure and create price distortion in the downstream product market. We prove that this may affect the profit (i.e. the market value) of the firms in a positive sense since the intensity of rivalry is curbed by the cost increase.In oligopoly, private benefits extraction may enhance the profits while still generating a welfare loss: this suggests that corporate governance cannot be divorced from competition policy in industries where managerial opportunism generates expropriation costs.JEL Classification: G38, D43. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | coût d'agence |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | bénéfices privés |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | oligopole |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | agency cost |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | oligopoly |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | private benefits |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 79 | 3 | 2013-12-19 | p. 5-24 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-recherches-economiques-de-louvain-2013-3-page-5?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-recherches-economiques-de-louvain-2013-3-page-5?lang=en&redirect-ssocas=7080</a> |
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