For private outcomes, experience and anticipation of losses loom larger than gains, whereas in the social domain, gains loom larger than losses, as indexed by subjective emotional evaluations and physiological responses.
The battles are also intertwined: taxpayers finance the pensions of public employees which are, by and large, more generous and predictable than in the private sector.The outcome of these battles will vary from country to country.
If the broadcaster could, then it would always be able to replicate the private duopoly outcome by simply choosing what a profit-oriented firm would.
One is to dramatically restructure markets so that private sector outcomes are less inegalitarian -- for example, by enforcing antitrust laws, breaking up the monopolies and oligopolies that dominate the U.S. economy, giving workers more say in how companies are managed, cracking down on predatory finance, and curbing the political influence of wealthy managers and shareholders.
During the Rwandan civil war in the 1990s, the United Nations debated using two private contractors, Executive Outcomes or Sandline International, to intervene.
In agricultural regions with a predominance of private land, biodiversity outcomes will depend on the adaptive capacity of individual land managers, as well as their willingness to engage with conservation programs and actions.
This idea could be transferred to the area of alcohol by articulating the effects of alcohol consumption on road traffic accidents and anti-social behaviour, as opposed to stressing "private" long-term outcomes such as liver cirrhosis.
Jessops is one of a number of companies held up as an example of the poor outcome of private equity ownership.
If the government then used this (short-run) relationship to try to achieve a lower unemployment/higher inflation outcome than private sector agents had been expecting as the norm, then, after some lag, expectations would adjust upwards.
However, the state is usually hard to beat once a case goes to trial: in 2003-12 it won 657 of the civil and criminal antitrust cases it brought before American courts; just 28 were lost or dismissed.The outcome of private actions is more even.
