Economic policy final

In a very short time, the economics of public enterprise has blossomed. Four or five years ago, the literature ventured little beyond the principles of long-run marginal cost pricing together with some exercises in the empirical evaluation of performance. The proximate cause of this renewed interest is fairly obvious. It has been stimulated by the programme of privatisation, as initiated and continuing under the governments of Mrs Thatcher. This has encompassed denationalisation, liberalisation of state monopolies, deregulation and the contracting out of services. Its prominence under the Tory Government perhaps explains why the literature has been centred around contributions from the United Kingdom, 1 although there is a body of literature with a longer tradition, especially from the United States, arising out of the theory of regulation. 2 This had come to be seen to be relevant only as privatisation has proceeded. 3 That the new lease of life to the subject is so recent is confirmed by two telling examples. In the case of Rees' (1984) textbook, mere are only two cursory references to privatisation. Second, in the edited collection of policy contributions emanating from the Clare Group and brought up to date for publication in 1983, Matthews and Sargent (1983), there is no mention of privatisation. 4 Yet in Kay and Thompson's discussion of industrial policy in Manuscript received 13 June 1988; final version received 10 February 1989.

Public Reason, 2011

Information Sources, 1984

The plan of the book 3; Private v. public collective action 4; Public finance in the history of economic thought 7; Review of some basic microeconomics 10 CHAPTER 2 The Economic Rationale of the Modern State Market failure 23; The allocative role of government 25; The distributive role of government 34; The regulatory role of government 35; The stabilisation role of government 36; Governments and Insurance 37; The modern-day apostles of laissez-faire 37 65

2013

For full text, see repository Erasmus University Rotterdam http://repub.eur.nl/res/pub/38785/ "Introducing choice and competition in public services was supposed to put citizens in the “driver’s seat”, making them in charge of their service provision. Introducing choice often is indeed beneficial for citizens. However, it sometimes also leads to increased inequality among citizens. This chapter provides an overview of the background, facilitators and pitfalls of choice, illustrated using empirical studies from various sectors (such as education, healthcare and utilities) in various countries. We conclude by arguing that policymakers should make informed decisions regarding choice. Introducing choice can benefit public services, but one should remain cautious for its potential negative effects. Tummers, L.G., Jilke, S.R. & Van de Walle, S. (forthcoming 2013). Citizens in charge? Reviewing the background and value of introducing choice and competition in public services. In Y.K. Dwivedi, M.A. Shareef, S.K. Pandey & V. Kumar (Eds.), Public Administration Reformation: Market Demand from Public Organizations. London: Routledge."

2009

2006

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International Review of Applied Economics, 2003

This paper critically re-examines the restructuring of public services. Four main decision-making phases are identified: the public oversight to be guaranteed to socially sensitive economic activities; the ways of financing them; the economic organisation of the industry; and the production decisions. By focusing on organisation, the paper reinterprets the market structure in public service industries on the basis of the interactions among three main players: users/citizens, the government and the service supplier. It argues that the issue of public versus private ownership has been overemphasised, and that an effective increase in efficiency can be obtained by introducing appropriate incentives for both public and business players. Instead of using a single policy instrument, namely privatisation, public action ought to be informed by an array of organisational solutions.

2000

2008

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