Hart, Shleifer, and Vishny (HSV) Argue That Private Prisons Have

question 14

Essay

Hart, Shleifer, and Vishny (HSV) argue that private prisons have strong incentives to cut costs at the expense of quality, therefore public prisons are better than private prisons. Is there a problem with HSV's argument? If so, explain.

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Definitions:

E Codes

In the context of medical coding, E codes are used to classify external causes of injury and poisoning.

ICD-9

An abbreviation for the International Classification of Diseases, Ninth Revision, a system used globally to classify and code health conditions and related information.

Pre-employment Physical

A health examination undertaken before starting a new job to ensure an individual is physically capable of performing the job duties.

ICD-9

The International Classification of Diseases, Ninth Revision, a system used for coding and classifying diagnoses and procedures associated with hospital utilization in the United States, now superseded by ICD-10.