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The new capitalists: a structural change from the stock market economy to the free market economy

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  • Khoshyaran, M.

Abstract

In this paper an alternative mechanism to the stock market is proposed. Two elements are taken away: (1) middlemen, and (2) shareholder lack of involvement. Structural elements are identified. Equilibrium-stability conditions are defined. A measures of effectiveness is suggested.

Suggested Citation

  • Khoshyaran, M., 2004. "The new capitalists: a structural change from the stock market economy to the free market economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 344(1), pages 14-18.
    • Handle: RePEc:eee:phsmap:v:344:y:2004:i:1:p:14-18
    DOI: 10.1016/j.physa.2004.06.080
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    References listed on IDEAS

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    1. Dam Kaniska & Perez-Castrillo David, 2006. "The Principal-Agent Matching Market," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 2(1), pages 1-34, August.
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