Privatization and state-owned enterprises : lessons from the United States, Great Britain and Canada
Author(s)
Bibliographic Information
Privatization and state-owned enterprises : lessons from the United States, Great Britain and Canada
（Rochester studies in economics and policy issues）
Kluwer Academic Publishers, c1989
- : softcover
Available at / 50 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
338.9-495s081000083223*
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Note
"Published in cooperation with The Bradley Policy Research Center, William E. Simon Graduate School of Business Administration, University of Rochester, New York."
"Softcover reprint of the hardcover 1st edition 1989"--T.p. verso of softcover
Bibliography: p. [341]-360
Includes index
Description and Table of Contents
- Volume
-
ISBN 9780898382976
Description
The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises, they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
- Volume
-
: softcover ISBN 9789401174312
Description
The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises , they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
Table of Contents
One The Control and Performance of State-Owned Enterprises.- Comments.- Two The Performance and Management of United States Federal Government Corporations.- Comments.- Three Privatization at the State and Local Level.- Comments.- Four Privatization in Britain.- Comments.- A Narrative: The Political Economy of Privatization in Britain.- Five Privatization in Canada: Ideology, Symbolism or Substance?.- Comments.- References.
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