Daito, Nobuhiko; Gifford, Jonathan L. - In: Managerial Finance 40 (2014) 11, pp. 1131-1151
Purpose – The use of public-private partnerships (P3s) for infrastructure delivery, particularly for highway projects, has been increasing in the USA. The purpose of this paper is to empirically evaluate the difference of P3s and non-P3 highway projects, in terms of their costs and efficiency....