Government Versus Private Ownership of Public Goods: The Role of Bargaining Frictions

@inproceedings{Schmitz2015GovernmentVP,
  title={Government Versus Private Ownership of Public Goods: The Role of Bargaining Frictions},
  author={P. Schmitz},
  year={2015}
}
The government and a non-governmental organization (NGO) can invest in the provision of a public good. Who should be the owner of the public project? In an incomplete contracting model in which ex post negotiations are without frictions, the party that values the public good most should be the owner, regardless of technological aspects. However, under the plausible assumption that there are bargaining frictions, the optimal ownership structure depends on technological aspects and on the parties… Expand
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