Halonen-Akatwijuka, Maija; Pafilis, Evagelos - Centre for Market and Public Organisation (CMPO), … - 2009
This paper analyzes the effect of reputation on ownership of public goods in the Besley and Ghatak (2001) model. We show that in the dynamic setup the optimal ownership depends not only on the relative valuations for the public good but also on technology (elasticity of investment). We also show...