Snyder, Christopher M.; Trost, Robert P.; Trunkey, R. Derek - In: The Review of Economics and Statistics 83 (2001) 1, pp. 108-117
In a privatization competition, private contractors bid against an in-house team to perform a governmental function that is currently performed by the in-house team. The Department of Defense initiated 3,500 privatization competitions from 1978 to 1994, generating estimated annual savings of...