Public goods in a market economy : the case study of China

Item and associated files

Author

Chen, Yueyun (Bill) See all items with this value

Journal

The Journal of American Academy of Business

Date

March 2010

Volume

15

Issue No.

2

Pages

137-144

ISSN

1540-7780 See all items with this value

Abstract

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.

File version: Postprint

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