TY - JOUR TI -

Is private production of public services cheaper than public production? A meta-regression analysis of solid waste and water services

T2 - Public Administration Issues IS - Public Administration Issues KW - services KW - prices for services KW - privatization KW - services costs reduction KW - improvement of efficiency AB - Privatization of local government services is assumed to deliver cost savings, but empirical evidence for this from around the world is mixed. We conduct a meta-regression analysis of all econometric studies examining privatization of water distribution and solid waste collection services and find no systematic support for lower costs with private production. Differences in study results are explained by differences in time period of the analyses, service characteristics, and policy environment. We do not find a genuine empirical effect of cost savings resulting from private production. The results suggest that to ensure cost savings, more attention be given to the cost characteristics of the service, the transaction costs involved, and the policy environment stimulating competition, rather than to the debate over public versus private delivery of these services. AU - Bel Germà AU - Fageda Xavier AU - E. Mildred UR - https://vgmu.hse.ru/en/2014--3/134473213.html PY - 2014 SP - 103-140 VL -