Incomplete contracts and optimal ownership of public goods
نویسندگان
چکیده
منابع مشابه
Incomplete contracts and excludable public goods ¬リニ
We study the provision of an excludable public good to discuss whether the imposition of participation constraints is desirable. It is shown that this question may equivalently be cast as follows: should a firm that produces a public good receive tax revenues, or face a self-financing requirement. The main result is that the desirability of participation constraints is shaped by an equity-effic...
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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 discuss some recent theoretical thinking on this issue. I divide the paper into two parts. First, I make some general remarks about the relationship between the theoretical literature of privatization and incomplete contracting theories...
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In recent decade in developing countries, lack of government budget or lack of access to modern technology, persuade governments to attract private sector participation in the economy. One of the most common methods is Public-Private Partnership agreements. The real implementation of this type of partnership needs to set contracts that satisfies preferences of both parties. This research aims t...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2013
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2012.09.033