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Lopez de Silanes, Florencio; Shleifer, Andrei; Vishny, … - 2021

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 …

Persistent link: https://www.econbiz.de/10013222637

The Proper Scope of Government : Theory and an Application to Prisons

Hart, Oliver; Shleifer, Andrei; Vishny, Robert W. - 2021

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

Persistent link: https://www.econbiz.de/10013240524

Growth in Regions

Gennaioli, Nicola - 2015

We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and human capital. Regional convergence is about 2.5% per year,...

Persistent link: https://www.econbiz.de/10013035755

Human Capital and Regional Development

Gennaioli, Nicola - 2015

We investigate the determinants of regional development using a newly constructed database of 1569 sub-national regions from 110 countries covering 74 percent of the world's surface and 96 percent of its GDP. We combine the cross-regional analysis of geographic, institutional, cultural, and...

Persistent link: https://www.econbiz.de/10013037866

State Versus Private Ownership

Shleifer, Andrei - 2021

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...

Persistent link: https://www.econbiz.de/10013239155