A comparison of public enterprise with regulated private enterprise shows that the efficiencies of privatization stem from the insulation it brings from arbitrary political and self-serving influences. The critical insulation springs from the costliness of interventions when there is a regulatory compact in place that protects private property from expropriation while it also corrects for market failures. That same insulation means that public enteprise...
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INFORMATION
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1994/03/31
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Publication
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14337
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1
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1
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2010/07/01
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Public versus regulated private enterprise
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private enterprise