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NATURE OF HUMAN CAPITAL, TECHNOLOGY AND OWNERSHIP OF PUBLIC GOODS
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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.
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When & Where |
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Thu 3 Sep 2009 |
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16:00 - 18:00 |
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Room |
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Paper Reference: 165
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