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The Assessment: Contracts and Competition.

Abstract:

A significant recent development has been the extension of market processes to activities which were previously provided by the public sector. A central feature of newly privatized markets is the emergence of widespread forms of contracting. Explicit contracting is used where in the past transactions had taken place internally within a public enterprise or a government department. The design of efficient forms of contracting has been an essential component of the development of new markets an...

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Journal:
Oxford Review of Economic Policy
Volume:
12
Publication date:
1996-01-01
URN:
uuid:d87aec11-de84-424a-a5c8-b20b961b7228
Local pid:
oai:economics.ouls.ox.ac.uk:11299
Language:
English

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