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dc.contributor.authorPitchford, Rohan
dc.contributor.authorKing, Stephen
dc.date.accessioned2008-05-13T15:31:36Z
dc.date.accessioned2010-09-23T18:58:40Z
dc.date.available2008-05-13T15:31:36Z
dc.date.available2010-09-23T18:58:40Z
dc.date.issued2000-08-01
dc.identifier.issn0104-8910
dc.identifier.urihttp://hdl.handle.net/10438/720
dc.description.abstractWe develop a theory of public versus private ownership based on value diversion by managers. Government is assumed to face stronger institutional constraints than has been assumed in previous literature. The model which emerges from these assumptions is fexible and has wide application. We provide amapping between the qualitative characteristics of an asset, its main use - including public goods characteristics, and spillovers toother assets values - and the optimal ownership and management regime. The model is applied to single and multiple related assets. We address questions such as; when is it optimal to have one of a pair ofr elated assets public and the other private; when is joint management desirable; and when should a public asset be managed by the owner of a related private asset? We show that while private ownership can be judged optimal in some cases solely on the basis of qualitative information, the optimality of any other ownership and management regimes relies on quantitative analysis. Our results reveal the situations in which policy makers will have difficulty in determining the opimal regime.eng
dc.language.isoeng
dc.publisherEscola de Pós-Graduação em Economia da FGVpor
dc.relation.ispartofseriesEnsaios Econômicos;401por
dc.titlePrivate or public? a taxonomy of optimal ownership and management regimeseng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvEscolas::EPGEpor
dc.subject.bibliodataBens públicospor
dc.subject.bibliodataPrivatizaçãopor
dc.subject.bibliodataEconomiapor
dc.contributor.affiliationFGV


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