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- W3035134301 abstract "In 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 the influences of harvesting costs and exclusiveness costs on the public or private nature of an economic good, and what kind of property rights institutions suits different goods. When harvesting and exclusiveness costs or their combinations change, related institutions may have to change as well. This approach shows that choices of property rights institution are best made not on the basis of ideological inclination but based on costs which affect the public or private nature of goods." @default.
- W3035134301 created "2020-06-19" @default.
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- W3035134301 date "2020-01-01" @default.
- W3035134301 modified "2023-09-25" @default.
- W3035134301 title "When Public Goods Become Private Goods" @default.
- W3035134301 doi "https://doi.org/10.1007/978-981-15-2898-9_3" @default.
- W3035134301 hasPublicationYear "2020" @default.
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