Bennett, John; Iossa, Elisabetta - In: Oxford Economic Papers 62 (2010) 4, pp. 784-802
In an incomplete-contract setting, we analyse the contracting out of public service provision, comparing the performance of for-profit (FP) and not-for-profit (NP) firms. Two institutional arrangements are considered, control rights lying either with the firm (PPP) or the government (traditional...