Quasi-Markets: An Overview and Analysis

19 Pages Posted: 7 Sep 2017

Date Written: September 5, 2017

Abstract

This paper examines the nature of quasi-markets and their significance for the delivery of public services. The nature of quasi-markets is outlined, along with the rationale for their use in the reform of the public services. That theoretical account is then complemented by more concrete discussions of example of quasi-markets, drawn from the United Kingdom. The conditions that must hold if quasi-markets are to be successful in improving efficiency in the public services are then considered, after which their implications for equity are explored.

Keywords: Quasi-markets, competition, purchaser-provider split, efficiency, hard budget constraint, cream-skimming

JEL Classification: D02, D04, H11, H40

Suggested Citation

Lewis, Paul Andrew, Quasi-Markets: An Overview and Analysis (September 5, 2017). Available at SSRN: https://ssrn.com/abstract=3032300 or http://dx.doi.org/10.2139/ssrn.3032300

Paul Andrew Lewis (Contact Author)

King's College London ( email )

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HOME PAGE: http://www.kcl.ac.uk/sspp/departments/politicaleconomy/people/academic/lewis.aspx

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