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Free access vs private ownership: a comparison

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

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Abstract

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: http://jet.arts.cornell.edu/Main.html
Additional Information: © 1985 Elsevier
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Sets: Research centres and groups > Managerial Economics and Strategy Group
Departments > Management
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 14 Apr 2011 14:42
URL: http://eprints.lse.ac.uk/35575/

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