Because politicians have control rights in the first place, giving them further control may actually raise social welfare by introducing some coherence in public policies. We show that public ownership of an institution is a constrained optimum when (a) stakes of allocating public funds to the institution are high; (b) the distribution of electoral weight is not highly skewed either towards or ...

This paper analyzes the effects of partial public ownership on product differentiation and social welfare in the framework of a mixed duopoly with spatial competition. It shows that unless the public ownership exceeds a critical level, maximal differentiation continues to hold and social welfare does not improve. However, both the critical level of ownership and the marginal effect of ownership...

clarification of the legal and religious status of property ownership rights and paving the way for elimination of defects and completing existing rules and therefore, expanding economic security as well as determining and explaining the limits of expropriation by religious legitimate government and religious statement of permission of such an action from the islamic state and clearing objectiv...

In an influential paper, La Porta, Lopez-De-Silanes and Shleifer (2002) argued that public ownership of banks is associated with lower GDP growth. We show that this relationship does not hold for all countries, but depends on a country’s financial development and political institutions. Public ownership is harmful only if a country has low financial development and low institutional quality. Th...

This paper investigates the impacts of Taipei Mass Rapid Transit (MRT) system on household car ownership and analyses how socioeconomic characteristics affect household car ownership. We employ a difference-in-difference (DID) strategy integrated with generalized Poisson regression models to examine the effects of MRT. The results are as follows: first, the establishment of Taipei MRT significa...