Nature of human capital, technology and ownership of public goods

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

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Year of publication:	2010-08
Authors:	Halonen, Maija
Institutions:	Centre for Market and Public Organisation (CMPO), University of Bristol
Subject:	property rights \| public goods \| indispensability \| technology

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Extent:	application/pdf
Series:	The Centre for Market and Public Organisation.
Type of publication:	Book / Working Paper
Language:	English
Notes:	20 pages
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/10008642170