Property Rights as a Predictor for the Eco-Efficiency of Product-Service Systems
Over the past decade product service systems (PSS) study has established itself as a research field. Most recently scholars have occupied themselves with the design and implementation of product service systems, which they posit help reduce environmental and economic inefficiencies. However, extant literature leaves open the question why such inefficiencies exist in the first place. This paper proposes opportunistic behaviour, bounded rationality, and asymmetric information as possible explanations for the existence of the inefficiencies discussed by PSS scholars. It continues by exploring five types of property rights and the role they can play in increasing eco-efficiency.
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