Nature of human capital, technology and ownership of public goods

Besley and Ghatak (2001) show that a public good should be owned by the agent who values the public good the most — irrespective of technological factors. In this paper we relax their assumptions in a natural way by allowing the agents to be indispensable, and we show that the relative valuations are not the sole determinant of an optimal ownership structure but also the nature of human capital and technology matter.

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Year of publication:	2012
Authors:	Halonen-Akatwijuka, Maija
Published in:	Journal of Public Economics. - Elsevier, ISSN 0047-2727. - Vol. 96.2012, 11, p. 939-945
Publisher:	Elsevier
Subject:	Property rights \| Public goods \| Indispensability \| Technology \| Joint ownership

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Type of publication:	Article
Classification:	D23 - Organizational Behavior; Transaction Costs; Property Rights ; H41 - Public Goods ; L33 - Comparison of Public and Private Enterprises; Privatization; Contracting Out
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011056153