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Control rights in public-private partnerships
Francesconi, Marco; Muthoo, Abhinay - 2006
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of...
Persistent link: https://www.econbiz.de/10010268030
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Assigning tasks in public infrastructure projects: Specialized private agents or public private partnerships?
Morasch, Karl; Tóth, Rita Orsolya - 2008
? Während die unmittelbare Erstellung der Infrastruktur üblicherweise an private Unternehmen vergeben wird, kann sowohl der …How should the different tasks in an infrastructure project be allocated to private and public agents, respectively …
Persistent link: https://www.econbiz.de/10010300414
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Involvement of small and medium sized enterprises in the private realisation of public buildings
Heinecke, Bastian - 2002
This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...
Persistent link: https://www.econbiz.de/10010305664
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Public investment in developing countries: A blessing or a curse?
Cavallo, Eduardo; Daude, Christian - 2008
results are consistent with the hypothesis that, while public infrastructure may be complementary to private capital in the …
Persistent link: https://www.econbiz.de/10010278277
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Straßen marode, Brücken gesperrt: Eine Bestandsaufnahme zum Thema öffentliche Infrastrukturinvestitionen in Deutschland
Eck, Alexander; Ragnitz, Joachim; Scharfe, Simone; … - In: ifo Dresden berichtet 21 (2014) 2, pp. 15-24
Im Zeitraum 1992 bis 2005 waren die öffentlichen nfrastrukturinvestitionen in Deutschland rückläufig, danach stiegen sie wieder leicht an. Es stellt sich daher die Frage, ob es sich bei dem Rückgang um eine für entwickelte Volkswirtschaften wie Deutschland typische und deshalb...
Persistent link: https://www.econbiz.de/10011733383
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An empirical analysis of the factors that influence infrastructure project financing by banks in select Asian economies
Rao, Vivek - 2018
A recent Asian Development Bank publication estimates the large infrastructure financing requirement in Asia for the …. This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending … project financing by banks to infrastructure PPP projects is still in its infancy in several Asian markets, and banks are …
Persistent link: https://www.econbiz.de/10012064716
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Inequality, politics and economic growth
Chakrabarty, Debajyoti - 2002
. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …
Persistent link: https://www.econbiz.de/10010301152
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Contracting out, an Empirical Study on Motives
Wassenaar, Mattheus; Groot, Tom; Gradus, Raymond - 2010
Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal contracting out decisions. Therefore, we held...
Persistent link: https://www.econbiz.de/10010325826
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Outsourcing Public Services: Contractibility, Cost, and Quality
Andersson, Fredrik; Jordahl, Henrik; Josephson, Jens - 2019
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012059131
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The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option
Schnedler, Wendelin; Sunde, Uwe - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10010262786