Why Government Appears Inefficient
Friday, October 19, 2012 - 03:00
in Mathematics & Economics
Three reasons why government can look less efficient than it really is:1. Cherry-picking in privatization. Let’s suppose we could rank government agencies or services in descending order of productivity: 1, 2, 3, and so on, with agency 1 being the most efficient and productive. As a reality check, let’s note that such a ranking is indeed possible, in a rough way. read more