This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We … show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the … degree of impurity of these goods. When the degree of impurity is large, control rights should be given to the main investor …

This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We … show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the … degree of impurity of these goods. When the degree of impurity is large, control rights should be given to the main investor …

This paper investigates a procurement relationship between a welfare-oriented government and a private supplier. The … procurement where the buyer maximizes profit rather than welfare. We identify the government's welfare objective as its Achilles …

very little correlation between government expenditure and trust but a strong correlation with delivering on core tasks …. This leads us to conclude that it is not government spending per se that needs to increase to build trust, but rather … better focused government activities. …

design a climate treaty. -- dynamic private provision of public goods ; dynamic common pool problems ; dynamic hold …