http://www.pasadenastarnews.com/Stories/0,1413,206~11851~2487768,00.htmlAlexander Tabarrok
"More than two decades of experience with private prisons in the United States, Great Britain, Australia and elsewhere attest to the fact that private prisons can be built and operated at lower cost than public prisons.
Cost savings of 15 to 25 percent on construction and 10 to 15 percent on management are common. These are modest but significant cost savings in a $5.7 billion state system that continues to grow more expensive every year.
Private prisons not only have lower costs than public prisons: by introducing competition they encourage public prisons to also innovate and lower costs."
