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}
}
We analyze optimal ownership of public goods in a repeated game focusing on common ownership. Under common ownership an owner’s access to the public good cannot be restricted by other owners. We find that under common ownership both the value of the relationship and the gain from deviation are high. Common ownership is optimal when the marginal return to maintenance investments is low consistent with the stylized facts. 

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