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Ownership, Efficiency, and Political Interference

Author

Listed:
  • Willner, J.

Abstract

Privatisation is often explained by a desire to achieve efficiency. This paper presents conditions under which political interference yields higher welfare than under commercial objectives, and vice versa. If effort affects utility, interference may be beneficial in a seemingly perfect market.

Suggested Citation

  • Willner, J., 2000. "Ownership, Efficiency, and Political Interference," Papers 00-6, Aarhus School of Business - Department of Economics.
  • Handle: RePEc:fth:aascbu:00-6
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    More about this item

    Keywords

    EFFICIENCY ; PRIVATIZATION ; PUBLIC OWNERSHIP;

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations

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