Similar Search Results

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

Public Versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks

Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2008

The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...

Persistent link: https://www.econbiz.de/10005497777

Privatization of Credence Goods: Theory and an Application to Residential Youth Care

Lindqvist, Erik - Institutet för Näringslivsforskning (IFN) - 2008

private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for … evidence from residential care for teenagers with behavioral problems supports the model's predictions. Private ownership …

Persistent link: https://www.econbiz.de/10005419540

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

Outsourcing, Market Structure and Elections.

Bennedsen, Morten; Schultz, Christian - Centre for Industrial Economics (CIE), Økonomisk Institut - 2003

We make a positive analysis of the impact of market structure and political preferences on a (local) government's decision to outsource public service using the framework of Hart, Shleifer and Vishny (1997). We argue that although outsourcing is more attractive when the privte market is...

Persistent link: https://www.econbiz.de/10005749440

Will Privatization Reduce Costs?

Lindqvist, Erik - Institutet för Näringslivsforskning (IFN) - 2008

Persistent link: https://www.econbiz.de/10005645363

Privatization and Quality: Evidence from Elderly Care in Sweden

Spagnolo, Giancarlo; Bergman, Mats A.; Lundberg, Sofia - The Stockholm Institute of Transition Economics and … - 2012

Many quality dimensions are hard to contract upon and are at risk of degradation when services are procured rather than produced in-house. However, procurement may foster performance-improving innovation. We assemble a large data set on elderly care services in Sweden between 1990 and 2009,...

Persistent link: https://www.econbiz.de/10010592919

Privatization and Quality: Evidence from Elderly Care in Sweden

Bergman, Mats; Johansson, Per; Lundberg, Sofia; … - C.E.P.R. Discussion Papers - 2014

. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with … difference-in-difference-in-difference approach. The results indicate that privatization and the associated increase in …

Persistent link: https://www.econbiz.de/10011084097

Public Procurement and Non-contractible Quality: Evidence from Elderly Care

Bergman, Mats A.; Lundberg, Sofia; Spagnolo, Giancarlo - Institutionen för Nationalekonomi, Umeå Universitet - 2012

Many quality dimensions are hard to contract upon and are at risk of degradation when the service is procured rather than produced in-house. On the other hand, procurement may foster performance-improving innovation. We assemble a large data set on elderly care services in Sweden for the...

Persistent link: https://www.econbiz.de/10010568861

Benevolent government, managerial incentives, and the virtues of privatization

Lülfesmann, Christoph - 2002

We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm … set optimal given this restriction. Nevertheless, the ownership structure feeds back on managerial effort because the … renegotiation is regime dependent. Public ownership is optimal if the firm operates under a serious shutdown threat. Conversely …

Persistent link: https://www.econbiz.de/10011335738