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A Hamiltonian model in non-overlapping generations: family business behavior.

Publication: International Advances in Economic Research
Publication Date: 01-FEB-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: A Hamiltonian model in non-overlapping generations: family business behavior.(RESEARCH NOTES)(Brief article)

Article Excerpt
JEL D21 * M00

This paper provides a framework for studying conflict between family members for getting corporate control of the firm. A model based on Hamilton's rule is presented for explaining competence in multiple generations. In this sense, Hamilton's rule defines an altruistic behaviour in family firms where...

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