The Car Guards of Cape Town: A Public Good Analysis

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dc.creatorMcEwen, Hayley
dc.creatorLeiman, Anthony
dc.date2012-12-03T12:05:22Z
dc.date2012-12-03T12:05:22Z
dc.date2008-10
dc.date.accessioned2015-05-28T10:05:02Z
dc.date.available2015-05-28T10:05:02Z
dc.date.issued2015-05-28
dc.descriptionCar guards have become a part of everyday life for drivers in Cape Town and other metropolitan centres around South Africa. This paper analyses the development and economic functioning of the industry with the understanding that the market exhibits quasipublic good characteristics. Some unusual phenomena are explored. Firstly free riding does not lead to under-provision in the market due to the survivalist nature of the supply, the noncontractual nature of the demand and varied public perceptions. Secondly private firms enter the market as a signalling device for the heterogeneous quality of car guards. Lastly drivers continue to pay car guards in the face of free riding due to varied preference curves and a degree of altruism in rational agents. Twenty detailed case studies are undertaken and the results presented and used to inform the theoretical conclusions made throughout the paper.
dc.identifierhttp://hdl.handle.net/11090/30
dc.identifier.ris TY - Report DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - The Car Guards of Cape Town: A Public Good Analysis TI - The Car Guards of Cape Town: A Public Good Analysis UR - http://hdl.handle.net/11090/30 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/30
dc.language.isoeng
dc.publisherSouthern Africa Labour and Development Research Unit
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleThe Car Guards of Cape Town: A Public Good Analysis
dc.typeReport
uct.type.publicationResearchen_ZA
uct.type.resourceSALDRU Reporten_ZA
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