Narrow search
Showing 1 - 10 of 21,713
Cover Image
Outsourcing public services : contractibility, cost, and quality
Andersson, Fredrik N. G.; Jordahl, Henrik; Josephson, Jens - 2019
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012022711
Cover Image
Will Privatization Reduce Costs?
Lindqvist, Erik - 2008
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10010320112
Cover Image
Privatization of Credence Goods: Theory and an Application to Residential Youth Care
Lindqvist, Erik - 2008
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10010320219
Cover Image
Will privatization reduce costs?
Lindqvist, Erik - 2007
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10010281289
Cover Image
Privatization of Credence Goods: Theory and an Application to Residential Youth Care
Lindqvist, Erik - Institutet för Näringslivsforskning (IFN) - 2008
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10005419540
Cover Image
Will Privatization Reduce Costs?
Lindqvist, Erik - Economics Institute for Research (SIR), … - 2007
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10005423776
Cover Image
Will Privatization Reduce Costs?
Lindqvist, Erik - Institutet för Näringslivsforskning (IFN) - 2008
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10005645363
Cover Image
Privatization and Restructuring: An Incomplete--Contract Approach
Dieter B”s - University of Bonn, Germany - 1996
This paper deals with a special hold-up problem in privatization. …
Persistent link: https://www.econbiz.de/10004968178
Cover Image
Privatization versus Franchising Public Utilities. Are there any dominant alternative?
Saavedra, Eduardo; Bruna, Ronaldo - Econometric Society - 2004
Este artículo explora a través de un mismo modelo básico las características fundamentales que determinan si es socialmente preferible concesionar versus privatizar un servicio público con características monopólicas. Los principales resultados de este trabajo son que la opción de...
Persistent link: https://www.econbiz.de/10005328909
Cover Image
Incomplete Contracts and Privatization
Schmidt, Klaus M. - University of Bonn, Germany - 1995
The paper offers a selective survey on the incomplete contracts approach to privatization. Furthermore, a simple model … of privatization to an owner-manager is developed in which different allocations of ownership rights lead to different …, privatization is a commitment device of the government to credibly reward the manager for a successful cost reduction and to harden …
Persistent link: https://www.econbiz.de/10004968174