effective than oversight of public corporations (Theory of Regulation, Baron and Myerson, 1982). ? Private ownership reduces influence activities and power of interest groups (Influence theory, Milgrom and Roberts,90). ? Private ownership increases cost of disruptive government intervention (Commitment Theory, Boycko et al., 1996). 5 Organisational Alternatives (Parker and Hartley, 91) ? Co-operatives ? Central government ownership (large scale) ? Municipal government ownership (small scale) ? Government Department ? Quasi-Government Agency ? Public Corporation ? Wholly-owned public limited company (plc) ? Public limited company (plc) 6
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