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| Author: | Bennett, J. Iossa, E. |
| Title: | Contracting out public service provision to not-for-profit firms |
| Journal: | Oxford Economic Papers
2010 : OCT, VOL. 62:4, p. 784-802 |
| Index terms: | public services contracts non-profit organizations companies models |
| Language: | eng |
| Abstract: | In an incomplete-contract setting, the contracting out of public service provision (herein as: prvn.) is analysed, comparing the performance of for-profit (FP) and not-for-profit (NP) firms. Two institutional arrangements are considered, control rights lying either with the firm (PPP) or the government, that's traditional procurement. It is shown that prvn. by an NP may be associated with over-investment in quality improvement, but that under conditions that restrain this over-investment, the NP may produce greater welfare than obtains with FP-provision. Despite none of the four possible arrangements is preferable under all conditions, the introduction of PPP has enhanced the scope for useful prvn. by an NP. |
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