Blanc-Brude, Frédéric; Goldsmith, Hugh; Välilä, Timo - 2006
Theoretical literature suggests a variety of reasons why a public-private partnership (PPP) should exhibit higher costs … operation and maintenance costs. Also, the transfer of the construction risk to the private partner should be explicitly priced … in a PPP. We use data on ex ante construction costs of road projects in Europe to test the existence and the magnitude of …