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INVESTOR OWNED VS. PUBLICLY OWNED WATER AGENCIES: AN EVALUATION OF THE PROPERTY RIGHTS THEORY OF THE FIRM1 |
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| Authors: | W Douglas Morgan |
| Abstract: | ABSTRACT: The property rights theory of the firm is evaluated by comparing the cost structures of a sample of water agencies under two alternative modes of ownership - public and investor owned. On the basis of the sample, investor owned water agencies appear to have lower cost structures. |
| Keywords: | water cost theory of firm property rights |