This paper reconsiders a model proposed by De Fraja (1993) to compare public and private production under complete and incomplete information. It is argued, in contrast to previous results, that such a model provides no convincing grounds to sustain the productive superiority of public ownership. It is also suggested that meaningful comparisons of efficiency require settings where differences in ownership imply different implementation constraints
Bertoletti, P. (2001). On endogenous efficiency in public and private firms. JOURNAL OF PUBLIC ECONOMIC THEORY, 3(3), 273-284 [10.1111/1097-3923.00067].
On endogenous efficiency in public and private firms
Bertoletti, P
2001
Abstract
This paper reconsiders a model proposed by De Fraja (1993) to compare public and private production under complete and incomplete information. It is argued, in contrast to previous results, that such a model provides no convincing grounds to sustain the productive superiority of public ownership. It is also suggested that meaningful comparisons of efficiency require settings where differences in ownership imply different implementation constraints
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