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Political Science Commons

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2013

University of Kentucky

Theses and Dissertations--Public Policy and Administration

Transaction Cost Economics

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To Produce Or To Buy? Exploring Determinants Of Local Government Privatization Decisions, Zhiwei Zhang Jan 2013

To Produce Or To Buy? Exploring Determinants Of Local Government Privatization Decisions, Zhiwei Zhang

Theses and Dissertations--Public Policy and Administration

The U.S. is experiencing the worst recession since the Great Depression. All levels of government have been hit really hard, this is especially apparent at the local level since services provided at the local level are woven into people’s daily life. Thus, how to “do more with less” is more urgent than ever before. The use of privatization came to surface as a sound solution for deficit-plagued governments as it is thought to be more cost effective and outperform the public sector in most cases. This dissertation contains two empirical chapters that examine determinants of privatization and specify ...