The lightship in economics

@article{Candela2018TheLI,
  title={The lightship in economics},
  author={Rosolino A. Candela and Vincent J. Geloso},
  journal={Public Choice},
  year={2018},
  volume={176},
  pages={479-506}
}
What role does government play in the provision of public goods? Economists have used the lighthouse as an empirical example to illustrate the extent to which the private provision of public goods is possible. This inquiry, however, has neglected the private provision of lightships. We investigate the private operation of the world’s first modern lightship, established in 1731 on the banks of the Thames estuary going in and out of London. First, we show that the Nore lightship was able to… 
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