Evaluating Privatisation, Regulation and Liberalisation in the EU
Edited by Massimo Florio
Chapter 2: Public and private enterprises, costs and welfare performance: an overview with suggestions for further research
Public ownership is a way to provide goods and services where market performance is not satisfactory, or when the economy would otherwise be stagnant. This chapter provides a brief review of the existing theoretical and empirical literature and suggestions for further research. While far from exhaustive, our overview suggests that there is no unanimous body of research showing that the costs of public ownership overshadow its benefits. More research is needed on different forms of ownership, and we emphasise potential intrinsic motivation under private and public ownership as well as their impact on quality and on the constraints imposed by international competition. We also suggest research on renationalisation through buyer power and on the significance of governance quality.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.