Public Sector Rationing and Private Sector Selection
نویسندگان
چکیده
منابع مشابه
Public Sector Rationing and Private Sector Selection
We study the interaction between nonprice public rationing and prices in the private market. Under a limited budget, the public supplier uses a rationing policy. A private firm may supply the good to those consumers who are rationed by the public system. Consumers have different amounts of wealth, and costs of providing the good to them vary. We consider two regimes. First, the public supplier ...
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We discuss a class of copula-based ordered probit models with endogenous switching. Such models can be useful for the analysis of self-selection in subjective well-being equations in general, and job satisfaction in particular, where assignment of regressors may be endogenous rather than random, resulting from individual maximization of well-being. In an application to public and private sector...
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Private sector governance, i.e. governance in major listed companies, has caught much public attention in recent years due to the collapses of major corporations around the world. The result has been a plethora of standards for corporate governance in public and private companies. In comparison, public sector governance has avoided much of the controversies while developing along a parallel, if...
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ژورنال
عنوان ژورنال: Journal of Public Economic Theory
سال: 2012
ISSN: 1097-3923
DOI: 10.1111/j.1467-9779.2011.01532.x