US airports negotiate legally binding contracts with airlines and finance large investment projects with revenue bonds. Applying insights from transaction cost economics, we argue that the observed variation in contractual and financing arrangements at US airports corresponds to the parties'...

This paper examines whether certification by government and development partners enhances private sector ownership in public-private partnership (PPP) projects. Based on a sample of 4,246 PPP projects for 37 developing countries from 1990 to 2012, we find government certification is not related...