A constitutional theory of public enterprise

Autor:	Larry L. Kiser
Rok vydání:	1994
Předmět:	Economic efficiency Economics and Econometrics Sociology and Political Science Public enterprise Mixed economy Public administration Philosophy Economics Private enterprise Production (economics) Constitutional law Institutional theory Law Constitutional theory
Zdroj:	Constitutional Political Economy. 5:287-306
ISSN:	1572-9966 1043-4062
DOI:	10.1007/bf02393262
Popis:	This article rationalizes public enterprise by analyzing the constitutional choice between private and public ownership of production arrangements. Arguing that results depend on who does the choosing, the article compares choices by self-governing citizens with choices by self-directed governmental officials. The resulting institutional theory identifies four conditions that cause citizens to favor public over private ownership. None of the conditions refers to the standard concept of economic efficiency, which guides most economic comparisons of public and private enterprise.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::28cfd8abd3e9d2feb6159c12d49c74b6 https://doi.org/10.1007/bf02393262 Zobrazit plný text záznamu Full text from SpringerLink