Vecchi, Veronica; Hellowell, Mark; Gatti, Stefano - In: Health Policy 110 (2013) 2, pp. 243-270
This paper is concerned with the cost-efficiency of Private Finance Initiatives (PFIs) in the delivery of hospital facilities in the UK. We outline a methodology for identifying the “fair” return on equity, based on the Weighted Average Cost of Capital (WACC) of each investor. We apply this...