We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...

We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...

Spanish Abstract:El declive de la capacidad estatal para financiar la solución de problemas sociales se ha convertido en un tema común y repetitivo en un contexto mundial marcado por la desaceleración económica y los procesos de desindustrialización. Para superarlo, el sector privado y el...

A government delegates a build-operate-transfer project to a private firm. In the contracting stage, the operating cost is unknown. The firm can increase the likelihood of facing a low cost, rather than a high cost, by exerting costly effort when building the infrastructure. Once this is in...

In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...

Public procurement accounts for one third of government spending. In this paper, I document a new mechanism through which government procurement promotes firm growth: firms use procurement contracts to increase the amount of cash-flow based lending. I use Portuguese administrative data over...

This report builds on the OECD’s longstanding work measuring government support in agriculture, fossil fuels, fisheries, and more recently in the aluminium value chain in order to estimate producer support and related market distortions in the semiconductor value chain. Results for 21 large...

German Abstract: Die Projektfinanzierung ist eine bewährte Finanzierungsform für Großprojekte im Sektor Erneuerbare Energie. Selbst in den Krisenjahren ab 2007 zeigen sich in der aggregierten Betrachtung kontinuierliche Zuwächse im Volumen von projektfinanzierten Finanzierungstransaktionen....

Many state and local government officials seem bedazzled by visions of tourists paying for entertainment and leisure attractions in such magnitude that significant economic development benefits will flow from these “smokestack-less” businesses. Public officials turn to a variety of public...