Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2014
Consider a non-governmental organization (NGO) that can invest in a public good. Should the government or the NGO own … the public project? In an incomplete contracting framework with split-the-difference bargaining, Besley and Ghatak (2001 …) argue that the party who values the public good most should be the owner. We demonstrate the robustness of their insight …