Seems like public corporations make ownership decisions close to the finance-theoretical ideal where they minimize the assets they hold that aren’t part of their production function to increase return on capital, and people who want to hold claims on rents buy them separately, consistent with the model I advanced in The Domestic Product.
Seems like public corporations make ownership decisions close to the finance-theoretical ideal where they minimize the assets they hold that aren’t part of their production function to increase return on capital, and people who want to hold claims on rents buy them separately, consistent with the model I advanced in The Domestic Product.