PRODUCTIVE EFFICIENCY IN PUBLIC AND PRIVATE FIRMS
成果类型：
Article
署名作者：
DEFRAJA, G
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90058-2
发表日期：
1993
页码：
15-30
关键词：
摘要：
This paper compares the degree of X-inefficiency which emerges as a consequence of the imposition of the optimal incentive contracts in public and private firms. Using a straightforward principal-agent model, with two possible states of the world, it establishes the rather surprising result that, in the good state of the world, public ownership always results in a higher degree of productive efficiency.
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