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The for-profit hospital is in the minority numerically in all developed countries. Although the for-profits' market share has been quite stable for decades, for-profit chains have grown in share and influence in the United States. By contrast, for-profit chains have made few inroads in other...
Persistent link: https://www.econbiz.de/10014024184
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
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
Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...
Persistent link: https://www.econbiz.de/10011586275
firms undertake them if incentives are strong enough. -- Privatization ; public sector contracting ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003456076
privatization. In solving the (n 1)-firms oligopoly model we make use of aggregative games techniques. Our analysis reveals that … privatization reduces the optimal R&D subsidy, but increases aggregate R&D effort. Furthermore, privatization improves social … to R&D does not lead to a ‘privatization neutrality theorem' or, ‘irrelevance result' …
Persistent link: https://www.econbiz.de/10012921803
their capital, which previously were published as part of government privatization programs (from 2011 – for three …
Persistent link: https://www.econbiz.de/10012952675
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm …). Furthermore, we analyze the effect of privatization on the timing of competition by endogenezing the determination of simultaneous … especially relevant for the analysis of privatization, given that results and policy prescription emerged in the literature …
Persistent link: https://www.econbiz.de/10014151444
This paper examines both leadership choice and welfare consequences of privatisation in an endogenous timing mixed multi‐product oligopoly. It shows that a multi‐product firm undermines the welfare‐maximising efforts of a public firm by cross‐subsidising. The paper demonstrates that a...
Persistent link: https://www.econbiz.de/10014127133
Disappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the … privatization of infrastructure in many developing countries has spawned new critiques of privatization. How do theory and empirical … privatization mean that privatized firms perform worse than state enterprises? Shirley and Walsh's review found greater ambiguity …
Persistent link: https://www.econbiz.de/10014135075