Nature of human capital, technology and ownership of public goods

Maija Halonen-Akatwijuka

Journal of Public Economics, 2012, vol. 96, issue 11, 939-945

Abstract: Besley and Ghatak (2001) show that a public good should be owned by the agent who values the public good the most — irrespective of technological factors. In this paper we relax their assumptions in a natural way by allowing the agents to be indispensable, and we show that the relative valuations are not the sole determinant of an optimal ownership structure but also the nature of human capital and technology matter.

Keywords: Property rights; Public goods; Indispensability; Technology; Joint ownership (search for similar items in EconPapers)
JEL-codes: D23 H41 L33 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (20)

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Working Paper: Nature of human capital, technology and ownership of public goods (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:96:y:2012:i:11:p:939-945

DOI: 10.1016/j.jpubeco.2012.07.005

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