Nature of human capital, technology and ownership of public goods

@article{HalonenAkatwijuka2012NatureOH,  title={Nature of human capital, technology and ownership of public goods},  author={Maija Halonen-Akatwijuka},  journal={Journal of Public Economics},  year={2012},  volume={96},  pages={939-945},  url={https://api.semanticscholar.org/CorpusID:154075467}}

11 Citations

Joint versus Common Ownership of Public Goods 1

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28 References

Spillovers, Investment Incentives and the Property Rights Theory of the Firm

This paper examines the property rights theory of the firm when a manager's relationship-specific investment can be partially appropriated by the owner of an asset even if cooperation breaks down.…

Government Versus Private Ownership of Public Goods

There has been a dramatic change in the division of responsibility between the state and the private sector for the delivery of public goods and services in recent years with an increasing trend…

Public versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks

The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting…

Maintenance Costs, Outside Options and Optimal Ownership of a Public Good

Abstract There has been much attention recently to public-private partnerships and the involvement of NGOs in public good provision. This paper re-examines the effect of ownership of a public good on…

Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm

This paper studies the Grossman-Hart-Moore (GHM) "property rights" approach to the theory of the firm under alternating-offers bargaining. When managers can pursue other occupations while negotiating…

Power in a Theory of the Firm

Transactions take place in the firm rather than in the market because the firm offers agents" who make specific investments power. Past literature emphasizes the allocation of ownership as the"…

Noncooperative Bargaining, Hostages, and Optimal Asset Ownership

This paper re-examines the effect of asset ownership on investment decisions for a joint relationship in the absence of contracts on investment levels. It obtains some results which contradict…

Information Gathering, Transaction Costs, and the Property Rights Approach

The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to provide ex ante investment incentives, while bargaining is ex post efficient. In…

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