In this paper we compare the properties in terms of rent extraction of Hotelling spatial competition and monopoly franchises using Dutch first price auctions, two of the most widely used tools to regulate public service provision. In a framework where the regulator can imperfectly observe costs,...

The process of privatisation of health care has followed different patterns and some health care systems have preferred to create a mixed market where public organisations compete alongside private ones. The evidence on their performance is mixed. In this article we argue that public hospitals...