AlteAlternativernative Fr FrPrisonamewamew orBreakorksks fo forr In Insurancsurancee A New Approach to Public Cost and Safety ReRegulagulationtion in in the the Un Unitedited States States Simon Hakim, Research Fellow, The Independent Institute Professor of Economics and Director of the Center for Competitive Government, Temple University and Erwin A.MartinMartin Blackstone F. F. Gr ,Gr Researchaceace and and Fellow, Robert Robert The W.Independent W. Klei Kleinn Institute Professor SeptofSept Economics,emberember 2009Temple 2009 University June 2014 Independent Policy Reports are published by The Independent Institute, a nonprofit, nonpartisan, scholarly research and educational organization that sponsors comprehensive studies on the political economy of critical social and economic issues. Nothing herein should be construed as necessarily reflecting the views of The Independent Institute or as an attempt to aid or hinder the passage of any bill before Congress. Copyright © 2014 by The Independent Institute All rights reserved. No part of this report may be reproduced or transmitted in any form by electronic or mechanical means now known or to be invented, including photocopying, recording, or infor- mation storage and retrieval systems, without permission in writing from the publisher, except by a reviewer who may quote brief passages in a review. The Independent Institute 100 Swan Way, Oakland, CA 94621-1428 Telephone: 510-632-1366 · Fax: 510-568-6040 Email:
[email protected] Website: www.independent.org ISBN 13: 978-1-59813-132-1 Contents Executive Summary 3 Introduction 5 1. History of the Contract Prison Industry 6 2. Previous Studies on Cost and Performance of Public and Contract Prisons 9 3. The Structure of the Contract Prison Industry 16 4.