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How Does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program
Brown, Jason - 2011
Governments often contract with private firms to provide public services such as health care and education. To decrease …
Persistent link: https://www.econbiz.de/10013126203
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Soft Budgets and Renegotiations in Public-Private Partnerships
Engel, Eduardo M. R. A. - 2009
potential to increase efficiency and improve resource allocation, contract renegotiations have been pervasive.We show that … renegotiations in the early stages of the contract, e.g. during construction. We use data on Chilean renegotiations of PPP contracts …
Persistent link: https://www.econbiz.de/10013156676
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Assessing, Managing, and Financing Extreme Events : Dealing with Terrorism
Kunreuther, Howard - 2012
This paper discusses new challenges we face with terrorism as a catastrophic risk by focusing on risk assessment, risk management as well as risk financing issues. The special characteristics of terrorism compared with major natural hazards call for the development of public-private...
Persistent link: https://www.econbiz.de/10012755813
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Bringing Science to Market : Commercializing from NIH Sbir Awards
Link, Albert - 2015
We offer empirical information on the correlates of commercialization activity for research projects funded through the U.S. National Institutes of Health's (NIH's) Small Business Innovation Research (SBIR) award program. Based on this analysis we suggest possible recommendations for improving...
Persistent link: https://www.econbiz.de/10012750210
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When and How to Use Public-Private Partnerships in Infrastructure : Lessons from the International Experience
Engel, Eduardo - 2020
Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments find them attractive because PPPs can be used to avoid fiscal check-and-balances and increase spending. At the same time, PPPs can lead to important...
Persistent link: https://www.econbiz.de/10012841411
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Public Contracting for Private Innovation : Government Expertise, Decision Rights, and Performance Outcomes
Bruce, Joshua R. - 2018
innovative output as measured by patents, controlling for endogeneity of contract form. The results are consistent with multi …
Persistent link: https://www.econbiz.de/10012916603
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Delivering Education to the Underserved Through a Public-Private Partnership Program in Pakistan
Barrera-Osorio, Felipe - 2017
We contribute to the school-competition literature by evaluating a program that randomly assigned private schools to underserved villages in Pakistan. Program schools were provided a per-student subsidy to provide tuition-free primary education, with half of the treated villages receiving a...
Persistent link: https://www.econbiz.de/10012946496
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The Basic Public Finance of Public-Private Partnerships
Engel, Eduardo M. R. A. - 2007
efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public … arrangements differ from those suggested by the optimal contract. Also, this contract can be implemented via a competitive auction … with realistic informational requirements. Finally, the allocation of risk under the optimal contract suggests that PPPs …
Persistent link: https://www.econbiz.de/10012776449
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Funding Scientific Knowledge : Selection, Disclosure and the Public-Private Portfolio
Gans, Joshua S. - 2014
This paper examines argues that while two distinct perspectives characterize the foundations of the public funding of research - filling a selection gap and solving a disclosure problem - in fact both the selection choices of public funders and their criteria for disclosure and commercialization...
Persistent link: https://www.econbiz.de/10013068134
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Least-Present-Value-Of-Revenue Auctions and Highway Franchising
Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021
In recent years several countries have started massive highway franchising programs auctioned to private firms. In these auctions, the regulator typically sets the franchise term and firms bid on tolls, or, alternatively, the regulator sets tolls and the winner is the firm that asks for the...
Persistent link: https://www.econbiz.de/10013233733