Jump to ContentJump to Main Navigation
The Structure of Policy Change$
Users without a subscription are not able to see the full content.

Derek A. Epp

Print publication date: 2018

Print ISBN-13: 9780226529691

Published to Chicago Scholarship Online: May 2019

DOI: 10.7208/chicago/9780226529868.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 28 September 2021

Revisiting the Efficiency of the Private Sector

Revisiting the Efficiency of the Private Sector

(p.145) Eight Revisiting the Efficiency of the Private Sector
The Structure of Policy Change

Derek A. Epp

University of Chicago Press

This chapter evaluates a long-standing political assumption that the private sector operates more efficiently than the public sector. The chapter argues that the merits of this assumption are highly dubious. At least in regard to informational efficiency, there are few reasons to suspect that the private sector will have a clear advantage over government. The chapter then looks at industries that see both public and private sector involvement, including mail delivery and higher education. Distributional analysis reveals that private sector companies operating in these industries produce outcomes that are characterized by higher levels of instability than those produced by their public counterparts. This suggests that, if anything, the public sector can sometimes process information more efficiently than private firms.

Keywords:   private sector, public sector, distributional analysis, informational efficiency

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.