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The Conceptual Foundations
Published online by Cambridge University Press: 31 March 2022
This chapter reviews the academic thinking on the role of private and public organizations in generating social benefits, beginning with an analysis of their relative ability to provide public goods and examining other theories of incomplete contracting, relational governance, government failure, justice, and probity. The chapter offers an encompassing comparative analysis of the various factors that affect the merits and costs of alternative public and private arrangements.
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