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Locates the inefficiencies of the traditional public enterprise model within its management and contextual factors. The former include overprotection from consumer liability, statutory power to commit wrongs with impunity, and legal limitations on their liability for negligence.
The search for a rational system of accountability; historical and operational barriers to market controls over the conventional public enterprise model; non-market controls, power and accountability; parliament as an alternative control mechanism; parliamentary questions and debates on public enterprises; annual reports and financial disclosure to parliament; beyond the balance sheet; privatization and re-organization - rationalizing public enterprise.