search query: @author Francois, P. / total: 12
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| Author: | Baland, J.-M. Francois, P. |
| Title: | Commons as insurance and the welfare impact of privatization |
| Journal: | Journal of Public Economics
2005 : FEB, VOL. 89:2-3, p. 211-231 |
| Index terms: | Insurance Privatization |
| Language: | eng |
| Abstract: | This article examines the effects of privatization in the economy. The authors argue that despite the efficiency gains from privatization, when markets are incomplete, all individuals may be made worse off by privatization. The advantage of common held property is due to its superior insurance properties compared to privately owned property. |
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