Public goods in a market economy : the case study of China
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Chen, Yueyun (Bill) See all items with this value
1540-7780 See all items with this value
This paper discussed the dilemma of public goods provision under a market economy system. In a free market system, entrepreneurs have insufficient incentives to supply public goods so governments must play key roles in this respect. However, direct government involvement has some serious side effects. The paper explores how the efficiency of the public good provision can be improved, which is particularly by using some theories, principles and management methods that have been successfully used in the private goods markets. The case of China's public goods provision is utilized to illustrate the relevant issues.