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Chapter 1 - Public or Private?

The Conceptual Foundations

Published online by Cambridge University Press:  31 March 2022

Sergio G. Lazzarini
Sergio G. Lazzarini
Affiliation:
Insper Institute of Education and Research (Brazil)
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Summary

This chapter reviews the academic thinking on the role of private and public organizations in generating social benefits, beginning with an analysis of their relative ability to provide public goods and examining other theories of incomplete contracting, relational governance, government failure, justice, and probity. The chapter offers an encompassing comparative analysis of the various factors that affect the merits and costs of alternative public and private arrangements.

Keywords

public goodsincomplete contractsrelational contractsgovernment failurejusticeprobitypublic values
Type
Chapter
Information
The Right Privatization
Why Private Firms in Public Initiatives Need Capable Governments
 , pp. 7 - 29
Publisher: Cambridge University Press
Print publication year: 2022

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