Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on the role of prices under social...

This paper investigates the effects of ownership forms and management structure on the performance of airports around the world. Specifically, we focus on measuring and comparing productive efficiency and profitability among airports owned and operated by government departments, 100% government-owned corporations, independent airport authorities, mixed enterprises with government majority owner...

One theory argues that state ownership of infrastructure is greater in poor countries because the social returns from investment exceed the private returns by a wider margin. Another theory argues that state ownership is greater when legal and political institutions provide weak enforcement of private property rights or weak limits on government excess. I test these theories using cross-country...

Factors Affecting Public-Private Sector's Support for the Elementary Schools M.H. Hassani Shalmaani, Ph.D. Factors affecting the public-private sector's support for elementary education were identified perusing related legislations, documents, and programs. To validate these factors a sample of 432 elementary school principals was given the list of factors of which 8 were confirme...

the analyze of the petroleum contract determines that the ownership of the oil and gas filed is one of the very fundamental issues in the petroleum contract not only for the host country in the middle east but also for the petroleum companies. but the analyze of the petroleum contracts from the ownership perspective may show that the hybrid nature of this ownership rights, one from private law ...

Private ownership creates monopoly power, harming the dynamic efficiency of asset allocation. Common ownership improves allocative efficiency, but eliminates incentives to invest in the common value of assets. We propose a simple partial private ownership system, Harberger licensing, for public assets. Lessors self-assess a price at which they commit to sell the asset to any interested buyer an...

In 2003, the world celebrated the fiftieth anniversary of the elucidation of the structure of DNA and, thus, the birth of molecular biology. As this period is now a part of human history, original documents from the founders of molecular biology are becoming increasingly important to scholars, and are being harshly fought over by public libraries and private collectors. Private correspondence, ...