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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 6
The governments of poor countries often display what some call an " edifice complex": They enthusiastically build new roads, dams, and other structures, but then don't keep them in adequate repair.
(a) Can you explain this phenomenon using the concept of the residual claimant?
(b) What attitude would the private owner of a road take toward maintenance?
(a) Can you explain this phenomenon using the concept of the residual claimant?
(b) What attitude would the private owner of a road take toward maintenance?
Explanation
Verified
Verified
The government of poor countries constru...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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