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Firms don't own things -- people do.

Legal persons own things.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Feb 5th, 2010 at 07:31:22 PM EST
[ Parent ]
Yes, but that's not what relevant when trying to determine welfare effects of policies. We care about what the agents and principals in a firm are doing and how they make out in the end, not what their avatar does.
by santiago on Sat Feb 6th, 2010 at 12:58:44 PM EST
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