Library Header Image
LSE Research Online LSE Library Services

Free access vs private ownership: a comparison

de Meza, David ORCID: 0000-0002-5638-8310 and Gould, J. R. (1985) Free access vs private ownership: a comparison. Journal of Economic Theory, 36 (2). pp. 387-391. ISSN 1095-7235

Full text not available from this repository.
Identification Number: 10.1016/0022-0531(85)90113-9


Weitzman (J. Econ. Theory 8 (1974), 225–234) has established that under free access properties of average or better quality will be overutilised relative to the efficient private property equilibrium. This leaves open the question of what happens to the low quality properties. It is shown here that there are conflicting considerations and the outcome is ambigous. Necessary and sufficient conditions are obtained for less of a variable input to be attracted to a site when access is free than when a private owner makes a charge for access.

Item Type: Article
Official URL:
Additional Information: © 1985 Elsevier
Divisions: Management
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 14 Apr 2011 14:42
Last Modified: 15 May 2024 23:28

Actions (login required)

View Item View Item