An Essay Of Public Services Marketization
How can we design markets or quasi-markets to improve non-core government functions?
- Markets Based
- Non Markets Based
- How to reduce the public sector?
- Which will be the impact of size of the public sector?
- How to create markets for provision of ‘public services’?
Comparison: Market vs. Non-Market Approaches
| Aspect | Market-Based | Non-Market-Based |
|---|---|---|
| Primary Driver | Price, profit, competition | Cooperation, regulation, shared values |
| Efficiency | Promotes innovation, cost-efficiency | Addresses market failures, equity |
| Examples | Startups, auctions, green markets | Laws, NGOs, public services |
| Challenges | Inequality, externalities | Bureaucracy, inefficiency |