1987 Articles
Privatization, Information, and Incentives
Describes a fundamental theorem concerning privatization. Conditions under which government production cannot improve upon private production; Government's objective in choosing among alternative forms of production; Distinction between public and private ownership; Transaction costs associated with intervention.
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Also Published In
- Title
- Journal of Policy Analysis and Management
More About This Work
- Academic Units
- Economics
- Published Here
- April 29, 2013