Costly Exclusion, Property-Rights Enforcement, and the Optimal Supply of Rival and Nonrival Goods

Martin Kolmar

Journal of Institutional and Theoretical Economics (JITE), 2015, vol. 171, issue 3, 405-431

Abstract: We analyze the optimal relationship between the public and private enforcement of property rights for the case of rival and nonrival goods. Exclusion is interpreted as a costly activity, which allows it to endogenize the distinctions between public and club goods on the one hand and between private and common-pool goods on the other. We characterize optimality conditions for the private provision of rival and nonrival goods, characterize optimal enforcement policies, and compare the solutions with other institutional alternatives.

JEL-codes: D74 H41 H42 K42 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1628/093245613X14113700937442

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