Common ownership of public goods

@article{HalonenAkatwijuka2020CommonOO,
  title={Common ownership of public goods},
  author={Maija Halonen-Akatwijuka and Evagelos Pafilis},
  journal={Journal of Economic Behavior and Organization},
  year={2020},
  volume={180},
  pages={555-578}
}

Figures from this paper

Policies and Instruments for Self-Enforcing Treaties

We characterize the optimal policy and policy instruments for self-enforcing treaties when countries invest in green technology before they pollute. If the discount factor is too small to support the

Can Technological Change Weaken the Robustness of Common-Property Regimes?

We examine the effect of technological change on the incentives to cooperate in the provision of common-pool resources (CPRs). We focus our analysis on CPRs that require investments in improvement

Pandemic Crisis, Power and the Role of the State

We build on the experience of the COVID-19 crisis to investigate how a State owned and a private company, such as the national health system, are managed when a crisis may occur. We develop our

References

SHOWING 1-10 OF 68 REFERENCES

Government Versus Private Ownership of Public Goods

There has been a dramatic change in the division of responsibility between the state and the private sector for the delivery of public goods and services in recent years with an increasing trend

Reputation and Allocation of Ownership

The allocation of ownership matters even in long--term relationships. Ownership structure is chosen to encourage co--operation. The optimal ownership structure of the static game restricts the gain

A Theory of Joint Asset Ownership

I offer a theory of joint ownership by extending the standard property right theory of the firm to situations where parties can endogenously choose the degree of specificity of their investments

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

The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration

Our theory of costly contracts emphasizes that contractual rights can be of two types: specific rights and residual rights. When it is costly to list all specific rights over assets in the contract,

Optimal Allocation of Ownership Rights in Dynamic R&D Alliances

Different scenarios in which the optimal ownership structure may change over time due to a trade-off between inducing know-how disclosure and ensuring maximum effort are characterized.

Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships

The question of what should determine the boundaries between public and private firms in an advanced capitalist economy is a highly topical one. In this paper I will try to summarize some recent

Hold-Up, Asset Ownership, and Reference Points

We study two parties who desire a smooth trading relationship under conditions of value and cost uncertainty. A contract fixing price works well in normal times because there is nothing to argue
...