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This paper studies the optimal structure of procurement contracts between public and private sectors by mainly comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a principal-agent model focusing on bundling effects of...
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quantitative data on Colombian infrastructure contracts, we demonstrate that municipalities exhibit an 'electoral contracting cycle … Marta, reinforce that infrastructure contractors provide a critical source of campaign finance and can create subnational …
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infrastructure provision did not materialize ex post. From a Public Choice perspective, one simple explanation for many of the … problems surrounding the governance of PPPs is that the public decision-makers being involved in the process of initiating and …-cost decisions for the governance of PPPs. Moreover, the paper discusses potential remedies arising from the viewpoint of Public …
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efficiently and effectively. To help countries improve the institutions and processes for infrastructure governance (the planning … public investment will be necessary to build public infrastructure that makes economies more resilient to climate change and … low-carbon and climate-resilient infrastructure …
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