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

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

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