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The Use Of Contract By Government And Its Agents

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  • Martin Ricketts

Abstract

Given that the provision of a service is being controlled by the state, the decision whether to contract out that service provision to the private sector is essentially a business decision. A number of economic advantages and disadvantages need to be offset against each other. Governments are poorly placed to make such decisions and it is no surprise that PPPs are often inefficient and steered by political objectives.

Suggested Citation

  • Martin Ricketts, 2009. "The Use Of Contract By Government And Its Agents," Economic Affairs, Wiley Blackwell, vol. 29(1), pages 7-12, March.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:1:p:7-12
    DOI: 10.1111/j.1468-0270.2009.01860.x
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    References listed on IDEAS

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    1. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
    2. Elinor Ostrom, 2008. "Institutions And The Environment," Economic Affairs, Wiley Blackwell, vol. 28(3), pages 24-31, September.
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    Cited by:

    1. Aidan R. Vining & David L. Weimer, 2016. "The challenges of fractionalized property rights in public‐private hybrid organizations: The good, the bad, and the ugly," Regulation & Governance, John Wiley & Sons, vol. 10(2), pages 161-178, June.
    2. David Parker & Catarina Figueira, 2010. "PPPs in Developed and Developing Economies: What Lessons can be Learned?," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 23, Edward Elgar Publishing.

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