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 approach, we argue that the initially specified quantity of an ex ante describable basic good can have im...

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Bibliographic Details
Published in:	Journal of public economics Vol. 94; no. 3; pp. 258 - 268
Main Authors:	Hoppe, Eva I., Schmitz, Patrick W.
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01-04-2010 Elsevier
Series:	Journal of Public Economics
Subjects:	Bargaining Contractible control Contracts Governance Incomplete contracts Incomplete contracts Contractible control Privatization Investment Privatization Public ownership Public sector Public-private partnership Incomplete contracts Contractible control D86 D23 Privatization H11 L33
Online Access:	Get full text
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