The role of public authorities in fostering private investment (notice n° 546316)

détails MARC
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Personal name Jullien, Bruno
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245 00 - TITLE STATEMENT
Title The role of public authorities in fostering private investment
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2018.<br/>
500 ## - GENERAL NOTE
General note 77
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Summary, etc. A firm may provide a service to a public authority but this requires a prior investment. Once the private investment and the uncertainty concerning the social value of the service are realized, the public authority can provide the service by its own means. Although such a decision may be welfare-increasing from an ex post point of view, it can reduce the ex ante incentives to invest. We study different options for the public authority (depending on whether it can negotiate with the firm and invest, or invest only), both under complete and incomplete information on the social value of the service. Our results suggest that allowing the local authority to negotiate with the firm tends to improve welfare. JEL Codes: H11.
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element investment
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element information
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
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700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Pouyet, Jérôme
Relator term author
700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Sand-Zantman, Wilfried
Relator term author
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Note Revue économique | 69 | 6 | 2018-11-14 | p. 985-1007 | 0035-2764
856 41 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://shs.cairn.info/journal-revue-economique-2018-6-page-985?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2018-6-page-985?lang=en&redirect-ssocas=7080</a>

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