response to the subversion of justice by robber barons during the Gilded Age. The model makes sense of the progressive reform …

effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …

alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change …

government employees and contracting out to private suppliers, also known as privatization. We examine empirically how United … laws restricting county spending encourage privatization, whereas strong public unions discourage it. The evidence is … by political patronage and taxpayer resistance to government spending in the privatization decision …

differences, summarize their consequences, and assess potential strategies of corporate governance reform. We argue that the legal … approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between …

claim that legal origins matter. Finally, we assess the implications of this research for economic reform …