The governance of exchanges: Members' cooperatives versus outside ownership

Oxford Review of Economic Policy

Volumn 12, Issue 4, 1996, Pages 53-69

  Hart, Oliver ^a   Moore, John ^b  

^a HARVARD UNIVERSITY   (United States)

^b HERIOT WATT UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0002857582     PISSN: 0266903X     EISSN: None     Source Type: Journal    
DOI: 10.1093/oxrep/12.4.53     Document Type: Article

References (13)

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2. Blume, M., Siegel, J., and Rottenberg, D. (1993), Revolution on Wall Street: The Rise and Decline of the New York Stock Exchange, W. W. Norton.
3. Bonin, J., Jones, D., and Putterman, L. (1993), 'Theoretical and Empirical Studies of Producer Cooperatives: Will the Twain Meet?', Journal of Economic Literature, 31, 1290-320.
4. Caplin, A., and Nalebuff, B. (1988), 'On 64%-Majority Rule', Econometrica, 56, 787-815.
5. Dewatripont, M., and Roland, G. (1992), 'Economic Reform and Dynamic Political Constraints', Review of Economic Studies, 59, 703-30.
6. Grossman, S., and Hart, O. (1986), 'The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration', Journal of Political Economy, 94, 691-719.
7. Hansmann, H. (1994), The Ownership of Enterprise, New Haven, CT, Yale University Press.
8. Hart, O. (1995), Firms, Contracts and Financial Structure, Oxford, Clarendon Press.
9. Moore, J. (1990), 'Property Rights and the Nature of the Firm', Journal of Political Economy, 98, 1119-58.
10. (1995), 'The Governance of Exchanges: Members' Cooperatives versus Outside Ownership', Financial Markets Group Discussion Paper No. 229, London School of Economics. Also appeared as City Research Project Subject Report, No. XXII.
11. (1995), 'The Governance of Exchanges: Members' Cooperatives versus Outside Ownership', Financial Markets Group Discussion Paper No. 229, London School of Economics. Also appeared as City Research Project Subject Report, No. XXII.
12. Mailath, G., and Postlewaite, A. (1990), 'Asymmetric Information Bargaining Problems with Many Agents', Review of Economic Studies, 57, 351-67.
13. Roberts, K. (1977), 'Voting Over Income Tax Schedules', Journal of Public Economics, 8, 329-40.