Privatization in the United States
TLDR
In the United States, the two principal modes of producing local government services are in-house provision by government employees and contracting out to private suppliers, also known as privatization.Abstract:
In the United States, the two principal modes of producing local government services are in-house provision by government employees and contracting out to private suppliers, also known as privatization. We examine empirically how U.S. counties choose the mode of providing services. The evidence indicates that state clean-government laws and state laws restricting county spending encourage privatization, whereas strong public unions discourage it. This points to the important roles played by political patronage and taxpayer resistance to government spending in the privatization decision.read more
Citations
More filters
Posted Content
A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.
Journal ArticleDOI
A Survey of Corporate Governance
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: Corporate Governance as mentioned in this paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and shows that most advanced market economies have solved the problem of corporate governance at least reasonably well, in that they have assured the flows of enormous amounts of capital to firms, and actual repatriation of profits to the providers of finance.
Journal ArticleDOI
From State to Market: A Survey of Empirical Studies on Privatization
TL;DR: In this paper, the authors survey the literature examining the privatization of state-owned enterprises (SOEs) and the types of privatization, if and by how much privatization has improved the performance of former SOEs in nontransition and transition countries, how investors in privatizations have fared, and the impact of privatization on the development of capital markets and corporate governance.
Journal ArticleDOI
Government Ownership of Banks
TL;DR: In this paper, the authors show that government ownership is large and pervasive and higher in countries with low levels of per capita income, backward financial systems, interventionist and inefficient governments, and poor protection of property rights.
Posted Content
State Versus Private Ownership
Andrei Shleifer,Andrei Shleifer +1 more
TL;DR: The case for private provision only becomes stronger when competition between suppliers, reputational mechanisms, and the possibility of provision by private not-for-profit firms, as well as political patronage and corruption, are brought into play as discussed by the authors.
References
More filters
Book
The Theory of Economic Regulation
TL;DR: In this article, the authors argue that regulation is acquired by the industry and is designed and operated primarily for its benefit, and that the state has one basic resource which in pure principle is not shared with even the mightiest of its citizens.
Journal ArticleDOI
Politicians and Firms
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: This article present a model of bargaining between politicians and managers that explains many stylized facts about the behavior of state firms, their commercialization, and privatization, including subsidies to public enterprises and bribes from managers to politicians.
Book
The Privatization Decision: Public Ends, Private Means
TL;DR: The Architecture of Accountability, Privatization and Public Spending Evidence And Arguments as discussed by the authors, Organizational Form and Function, The Evidence On Efficiency, The Terms of the Privatisation Decision Cases And Cautionary Tales, Lessons from the Pentagon, Local Service Contracting, Private Prisons Debate, Business, Government, and Job Training
Book ChapterDOI
Economic Rationales for the Scope of Privatization
Carl Shapiro,Robert D. Willig +1 more
TL;DR: In this paper, the authors identify, at a fundamental theoretical level, the impacts of privatization on the operations of an enterprise and present the delineation of various characteristics of an activity's structure and environment that point to either public or private forms of control as the most effective in accomplishing society's aims.