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Free access vs private ownership: a comparison

By David de Meza and J. R. Gould


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

Topics: HB Economic Theory
Publisher: Elsevier
Year: 1985
DOI identifier: 10.1016/0022-0531(85)90113-9
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Provided by: LSE Research Online
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