AbstractThis paper considers the arguments for and against private-sector financing --as opposed to operational management --of public services. Under certain conditions the costs of public and private finance will be similar, but these conditions are unlikely to hold for many public services. Using examples from the UK, we show how decisions to introduce private financing are often political, with little economic rationale. Copyright 2003, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 19 (2003)
Issue (Month): 2 (Summer)
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- Valila, Timo, 2005. "How expensive are cost savings? On the economics of public-private partnerships," EIB Papers 4/2005, European Investment Bank, Economics Department.
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