Chen, Bin R.; Chiu, Y. Stephen - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 4, pp. 731-748
In the context of public-good provision, despite noncontractibility of investments, it is possible to specify who is in charge of tasks such as construction and maintenance. We show that complementarity between the investments of the two tasks favors unbundling of tasks through different...