Add to ORKGGovernments have begun to embrace public-private partnerships (P3s) as vehicles for providing public services. This paper considers the controversial question of when private nancing of public projects is optimal. Private development can dominate public \u85nancing through more e ¢ cient termination decisions for bad projects, resolving soft budget con-straint problems. Due to contractual incompleteness and externalities, on the other hand, private developers cannot commit to large debt repayments, and hence can \u85nance only a subset of valuable projects. Public developers, who do not face the same commitment problems, can \u85nance a larger set of projects
Because of the lack of competition regulation, certain contract provisions attempt to substitute for...
A government delegates a build-operate-transfer project to a private firm in a limited-commitment f...
We model public-private partnerships in building and managing facilities for the provision of public...
Governments have begun to embrace public-private partnerships (P3s) as vehicles for providing public...
We use an incomplete-contract approach to compare contracting out by a public sector agency with th...
Public-private partnerships are often touted as a “best-of-both-worlds ” alternative to public provi...
International audiencePublic-private partnerships are long-term, global, administrative contracts by...
This paper analyzes the contracting out of public services through Public-Private Partnerships (PPPs...
Public-private partnerships (PPPs) have become increasingly popular in recent years. We show that fo...
Where large-scale investments are needed, especially for infrastructure projects, public-private par...
This paper analyzes whether the two tasks of building infrastructures which are socially useful in p...
Governments and public authorities are increasingly relying on Public-Private Partnerships for the p...
Public private partnerships (PPPs), as new organizational forms, are intended to respond to societal...
A public private partnership is an alternative to procurement of the facility by the public sector, ...
ABSTRACT. Governments in many industrialized nations have made concerted efforts to reduce their dir...
Because of the lack of competition regulation, certain contract provisions attempt to substitute for...
A government delegates a build-operate-transfer project to a private firm in a limited-commitment f...
We model public-private partnerships in building and managing facilities for the provision of public...
Governments have begun to embrace public-private partnerships (P3s) as vehicles for providing public...
We use an incomplete-contract approach to compare contracting out by a public sector agency with th...
Public-private partnerships are often touted as a “best-of-both-worlds ” alternative to public provi...
International audiencePublic-private partnerships are long-term, global, administrative contracts by...
This paper analyzes the contracting out of public services through Public-Private Partnerships (PPPs...
Public-private partnerships (PPPs) have become increasingly popular in recent years. We show that fo...
Where large-scale investments are needed, especially for infrastructure projects, public-private par...
This paper analyzes whether the two tasks of building infrastructures which are socially useful in p...
Governments and public authorities are increasingly relying on Public-Private Partnerships for the p...
Public private partnerships (PPPs), as new organizational forms, are intended to respond to societal...
A public private partnership is an alternative to procurement of the facility by the public sector, ...
ABSTRACT. Governments in many industrialized nations have made concerted efforts to reduce their dir...
Because of the lack of competition regulation, certain contract provisions attempt to substitute for...
A government delegates a build-operate-transfer project to a private firm in a limited-commitment f...
We model public-private partnerships in building and managing facilities for the provision of public...