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Public Provision of Private Goods
Journal of Political Economy, 1996Government may provide a good that can, if legally permitted, be supplemented by private purchases. Policy is determined by majority rule. Under standard assumptions on preferences, a majority voting equilibrium exists. A regime of positive government provision with no restriction on private supplements is shown to be majority preferred to a regime of ...
Epple, Dennis, Romano, Richard E
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PRIVATE GOOD, EXTERNALITY, PUBLIC GOOD*
Scottish Journal of Political Economy, 1970In two recent investigations into the economic problems of externality the authors have noted in passing that the welfare or optimality conditions in the case of a consumption externality seemed identical with the welfare conditions in the case of public goods as originally stated by Samuelson.1 The purpose of this paper is to demonstrate that the ...
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2023
Abstract Today, privateering—the practice of states commissioning private ships to seize foreign vessels—is often equated with piracy. But from the Middle Ages until the nineteenth century, under different names and with different objectives, privateering was seen as legitimate and was widely practiced. Rules for privateering, as well as
Lisbeth Zimmermann +4 more
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Abstract Today, privateering—the practice of states commissioning private ships to seize foreign vessels—is often equated with piracy. But from the Middle Ages until the nineteenth century, under different names and with different objectives, privateering was seen as legitimate and was widely practiced. Rules for privateering, as well as
Lisbeth Zimmermann +4 more
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Influence in private-goods allocation
Journal of Mathematical Economics, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Public good, private good, or both?
Veterinary Record, 2016IN his commendably upbeat Viewpoint, William Hueston is critical of veterinary education shifting away from ‘public good’ ( VR , January 23, 2016, vol 178, pp 98-99). Schools are no doubt responding to where the market is now, rather than speculatively to where it might …
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When Public Goods Become Private Goods
2020In economics, the concepts of public goods and private goods are different from those of public property rights and private property rights. The latter concepts refer to legal rights, while the former refers to goods that have some kinds of natural feature which makes them more suitable to certain arrangements of property rights. This chapter discusses
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2013
Regulation is a topic which has been studied in several social science disciplines. It has long been a topic in economic theory, addressed under economic concept as “public good.” Regulation has also been studied as a subfield of sociology as the sociology of law.
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Regulation is a topic which has been studied in several social science disciplines. It has long been a topic in economic theory, addressed under economic concept as “public good.” Regulation has also been studied as a subfield of sociology as the sociology of law.
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2007
Many businesses serving lower income communities languish because they can't raise enough money to fund their growth. To meet their needs, a new breed of private equity investment—development investment capital—has emerged. Although this style of investing is still in its infancy, it is already showing promise.
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Many businesses serving lower income communities languish because they can't raise enough money to fund their growth. To meet their needs, a new breed of private equity investment—development investment capital—has emerged. Although this style of investing is still in its infancy, it is already showing promise.
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2017
The book explores the core public tasks that the state has traditionally provided but which increasingly are being privatized and subsumed by the private sector. The night-watchman state role of providing security is instead offered by private prisons and security guards. Legitimized by the argument of efficiency gains, social security including public
Unger, B. +2 more
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The book explores the core public tasks that the state has traditionally provided but which increasingly are being privatized and subsumed by the private sector. The night-watchman state role of providing security is instead offered by private prisons and security guards. Legitimized by the argument of efficiency gains, social security including public
Unger, B. +2 more
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2019
Although he was one of the major philosophers of the Scottish Enlightenment, Adam Smith (1723–1790) is today best known for his work in political economy, notably his An Inquiry Into the Nature and Causes of the Wealth of Nations (1776), usually abbreviated as The Wealth of Nations.
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Although he was one of the major philosophers of the Scottish Enlightenment, Adam Smith (1723–1790) is today best known for his work in political economy, notably his An Inquiry Into the Nature and Causes of the Wealth of Nations (1776), usually abbreviated as The Wealth of Nations.
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