The estimated parameters of output distance functions frequently violate the monotonicity, quasi-convexity and convexity constraints implied by economic theory, leading to estimated elasticities and shadow prices that are incorrectly signed, and ultimately to perverse conclusions concerning the...

Ziel dieser Arbeit ist es, einen groben Überblick über Public PrivatePartnership (PPP), die Vorstellung der Modelle, Wesensmerkmale etc., zuvermitteln. Die zunehmende Verschlechterung der Haushaltslage in Österreich wie auch in anderen Ländern Europas und die Notwendigkeit von...

Development of infrastructure is essential presumption for growth and development of relevant economic entities. The empirical evidence of private initiative importance and potentials in the establishment of cooperation with the public sector in infrastructure projects financing and operation...

Due to special characteristics of Public Private Partnerships (PPPs), the ―transaction cost‖ in PPPs is more than other delivery methods. Although there have been some attempts to study transaction costs in PPPs in Europe, transaction costs of PPPs in the US has not been explored well, and...

Recent Public Private Partnerships (P3) in the United States represents a significant advancement in the level of participation of the private sector in the provision of road and highway assets. A number of states and local governments consider P3 as a mechanism to streamline project delivery,...

Presented paper deals with qualitative analysis of several papers and studies focused on identification of key Value for Money drivers in Public Private Partnership projects/schemes. In the first part author clarifies the basics and specifics of PPP projects evaluation with a special focus on...