| EXCLUDING FREE-RIDERS IMPROVES RECIPROCITY AND PROMOTES THE PRIVATE PROVISION OF PUBLIC GOODS * (2007) | |||||||||||||
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| It is well known that property rights can privatize incentives for the provision of goods that provide public benefits. Unfortunately, it is often infeasible to implement a property rights system which truly privatizes incentives by making benefits proportional to investments. 1 Nevertheless, there is substantial evidence, including Ronald Coase’s (1974) historical research | |||||||||||||
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