NATURE OF HUMAN CAPITAL, TECHNOLOGY AND OWNERSHIP OF PUBLIC GOODS
Session Contracts I
Session ChairTBA

Presenter(s) Maija Halonen-Akatwijuka, University of Bristol
Co-Author(s) None
Keywords property rights and public goods
JEL Codes D23, H41, L33

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Besley and Ghatak (2001) show that public good should be owned by the agent who values the public good most. They state that their result holds irrespective of technological factors. In this paper we show that relative valuations are not the sole determinant of optimal ownership structure but also technology and nature of human capital matter.

 
When & Where
Thu 3 Sep 2009
16:00 - 18:00
Room
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