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Adequate and well-functioning infrastructure is a key ingredient to growth and well-being. The benefits to activity of … accumulation. Good infrastructure facilitates trade, bolsters market integration and competition, fosters the dissemination of … other markets. Nevertheless, Australia has an important infrastructure deficit. This is in part due to underinvestment in …
Persistent link: https://www.econbiz.de/10008872205
In an incomplete contract setting, we analyze the contracting out of public service provision, comparing the performance of for-profit and not-for-profit private firms. Two institutional arrangements are considered, control rights lying either with the firm as under the UK’s Private Finance...
Persistent link: https://www.econbiz.de/10005577245
A unifying theme in the literature on organizations such as public bureaucracies and private non-profits is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated agents who subscribe to the mission....
Persistent link: https://www.econbiz.de/10010745867
infrastructure? Private sector involvement in the provision of public goods is long-standing, often relying on franchises or … infrastructure and questionnaire responses, synthetic indicators are used to assess how well-suited policy frameworks in the OECD are …
Persistent link: https://www.econbiz.de/10008677110
There has been a fundamental development in theory and understanding of market, private, collective and public organizations in recent years. This paper incorporates achievements of the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law,...
Persistent link: https://www.econbiz.de/10008680295
Besley and Ghatak (2001) show that a public good should be owned by the agent who values the public good the most — irrespective of technological factors. In this paper we relax their assumptions in a natural way by allowing the agents to be indispensable, and we show that the relative...
Persistent link: https://www.econbiz.de/10011056153
Because of the central importance of higher education and its long-turn positive extern effects on the whole society, the government often might wish to enforce its will on the universities through the subsidy it provides to them. Thus the question arises: what are the welfare consequences of...
Persistent link: https://www.econbiz.de/10011141055
delivering infrastructure projects, providing public services and financing innovation. Exploiting the efficiency and innovative … potential of a competitve private sector will definitely ensure better value for money for the infrastructure projects …
Persistent link: https://www.econbiz.de/10010940628
Every minute, at least one woman dies from pregnancy and childbirth complications; a further 20 suffer injury, infection or disease. Despite medical advances, and years of policy declarations, this tragic situation remains particularly severe in developing countries, violating a fundamental...
Persistent link: https://www.econbiz.de/10008566435