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This paper presents a framework for analyzing the structure of contracts for public-private partnerships (PPP) that produce products and services that generally include mixtures of both public and private goods. A three-stage framework, sourced with the incomplete contracting and control rights...
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This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of...
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