This paper aims to establish, train, validate, and test artificial neural network (ANN) models for modelling risk allocation decision-making process in public-private partnership (PPP) projects, mainly drawing upon transaction cost economics. An industry-wide questionnaire survey was conducted...

Risk allocation plays a critical role in privately financed public infrastructure projects. Project performance is contingent on whether the adopted risk allocation strategy can lead to efficient risk management. Founded mainly on the transaction cost economics, a theoretical framework was...