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out that in the limit the monopolist can use simple posted-price contracts. Implications of the model for public …
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potential consumers are analyzed and it is shown that in this case the monopolist can use simple posted-price contracts. Finally …
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Consider two parties who can make non-contractible investments in the provision of a public good. Who should own the physical assets needed to provide the public good? In the literature it has been argued that the party who values the public good most should be the owner, regardless of the...
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