Public Enterprise

Hugh Stretton and Lionel Orchard

Chapter 4 in Public Goods, Public Enterprise, Public Choice, 1994, pp 80-122 from Palgrave Macmillan

Abstract: Abstract It is widely believed that public enterprises tend to neglect their customers’ wants; to allocate productive resources inefficiently and use them inefficiently; and to resist reform or closure when those are needed. Together the four beliefs compose what may be called a theory of public incompetence.

Keywords: Private Sector; Public Sector; Public Good; Public Choice; Private Enterprise (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-23505-6_4

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