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Public Policy: Using Market-Based Approaches Brown, T., A. Dearling, R. Hunt, J. Richardson and N. Yates (2002) ‘Allocate or Let? Your Choice: Lessons from Harborough Home Search’ Chartered Institute of Housing/ The Joseph Rowntree Foundation. Brusco, S. and Lopsmo, G. (1999). Collusion via signalling in open ascending auctions with multiple objects and complementarities. Working paper, Stern School of Business, New York University Buchanan, J. (1969). ‘External Diseconomies, Corrective Taxes, and Market Structure,’ American Economic Review 59(1). Burniaux, J.-M (1999) ‘How important is market power in achieving Kyoto? An assessment based on the GREEN model’ OECD paper. Economics Directorate, OECD, Paris. Cabinet Office, (2002) The Energy Review. Cabral, L. and Greenstein, S. (1990). ‘Switching costs and bidding parity in government procurement of computer systems’. Journal of Law, Economics and Organisation 6 Carlén B, (2003) ‘Market Power in International Carbon Emissions Trading: A Laboratory Test’. Global Change, MIT Report No. 96. Carlson, Burtraw, Cropper and Palmer. (2000). ‘Sulphur dioxide control by electric utilities: what are the gains from trade?’ RFF discussion paper 98-44-REV. CBI (2003), Competition: a catalyst for change in the prison service. A decade of improvement. Clarke, J.L. (1998) Report to the Attorney General: Inspection and Review of Northeast Ohio Correctional Center. Washington, DC: Office of the Corrections Trustee for the District of Columbia. Clarkson, R. and K. Deyes, ‘Estimating the Social Cost of Carbon Emissions’, Government Economic Service Working Paper 140, HM Treasury, January, 2002. Coase, R. 1960. ‘The problem of social costs’. The Journal of Law and Economics 3. Competition Commission (2002), Group 4 Falck A/S and The Wackenhut Corporation: A report on the merger situation Coopers and Lybrand (1996) ‘Review of comparative costs and performance of privately and publicly operated prisons for the HM Prison Service’. Prison Service Report No.1. (June) Cope, S. (1995). ‘Contracting-out in local government: cutting by privatising’. Public Policy and Administration 10(3). Cramton, P. and Schwartz, J. (2000). ‘Collusive bidding: lessons from the FCC spectrum auctions’. Journal of regulatory economics 17 Cropper, M. and W. Oates. (1992) ‘Environmental Economics: A Survey’, Journal of Economic Literature 30(2). Cubbin, J. Domberger, S. and Meadowcroft, S. (1986). ‘Competitive tendering and refuse collection: identifying the sources of efficiency gains’. Fiscal Studies 8. Demsetz, H. (1968) ‘Why Regulate Utilities?’, Journal of Law and Economics 196
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DTI ECONOMICS PAPER NO.14 Public Po
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DTI ECONOMICS PAPER NO.14 Public Po
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Contents Acknowledgements vi Forewo
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Contents Section 11 Emissions Tradi
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Foreword There is increasing intere
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SECTION 1 Introduction and summary
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Public Policy: Using Market-Based A
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SECTION 2 Using market mechanisms U
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SECTION 3 Lessons for the design an
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SECTION 4 Introduction This part of
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SECTION 7 Market-Based Mechanisms W
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SECTION 8 Framework for assessing m
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Part IV Case Studies 73
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● the Green and White papers behi
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A prison failing to deliver on its
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Table 9.3 Companies providing priso
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Section 9 - Competitive Tendering o
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detect any deviation from a collusi
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at HMPS began as an equal mix of th
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(e.g. lighting). This impact could
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MARKET POWER The full benefits of c
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However, it should be noted that te
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on competition is uncertain. The ab
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Controlling for problems of asymmet
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Procurement process design One way
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however, financial deductions are m
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The Independent Monitoring Board at
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Figure 9.1: Difference between the
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‘While there were staff in the pu
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design the invitation to tender and
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and demand conditions. Second, we d
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DEMAND Anyone can apply to a local
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● Rent deposit guarantee by the l
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The Green Paper stated the Governme
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It was not an objective of ODPM or
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DESCRIPTION OF MARKET MECHANISM The
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Once the outcome is determined, fee
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DEVELOPMENTS OVER TIME The major mo
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Concerns about capacity constraints
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from those already located within t
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In several areas, registrations by
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Controlling for information problem
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extent though, it was competition b
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Section 10 - Choice-Based Letting i
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levels are reducing and new tenants
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desired effect of limiting points-c
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