Contracting Out Public Service Provision to Not-for-Profit Firms

John Bennett () and Elisabetta Iossa

Economics and Finance Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University

Abstract: In an incomplete contract setting, we analyze the contracting out of public service provision, comparing the performance of for-profit and not-for-profit private firms. Two institutional arrangements are considered, control rights lying either with the firm as under the UK's Private Finance Initiative(PFI) or the government (as under traditional procurement). We derive the conditions under which provision by not-for-profit firms leads to greater investment and social benefit than provision by for profit firms. The role played by the non-distribution constraint in not-for profit firms and the nature of the investment are emphasized.

Pages: 29 pages
Date: 2005-06
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Related works:
Journal Article: Contracting out public service provision to not-for-profit firms (2010)
Working Paper: Contracting Out Public Service Provision to Not-for-Profit Firms (2007)
Working Paper: Contracting Out Public Service Provision to Not-For-Profit Firms (2005)
Working Paper: Contracting Out Public Service Provision to Non-for-profit Firms (2004)
Working Paper: Contracting Out Public Service Provision to Non-for-profit Firms (2004)
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