This paper offers an updated description of the macroeconomic and sectoral significance of PPPs in Europe - without assessing PPPs from a normative perspective. Building on Blanc-Brude et al. (2007), it looks at the evolution of PPPs in the EU, with a particular focus on the recent financial...

Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political...

We build a unified theoretical framework to analyze the main incentive issues in Public Private Partnerships (PPPs) and the shape of optimal contracts in those contexts. We present a basic model of procurement in a multitask environment in which a risk-averse agent chooses unobservable efforts...

Öffentlich Private Partnerschaften (ÖPPs) haben in den letzten zehn bis fünfzehn Jahren in Deutschland einen beachtlichen Stellenwert erreicht. Auch zukünftig ist aufgrund der Finanzkrise der Kommunen mit einem weiteren Bedeutungszuwachs zu rechnen. Damit ÖPPs die von der öffentlichen Hand...

This dissertation examines the factors associated with sustainable privatization of infrastructure projects. Privatization offers a way for governments to make infrastructure delivery more effective and efficient than exclusively public provision, but often the promise is fraught with peril. The...

BACKGROUND: Powerful public-private partnerships (PPPs) can only be established if the partners areable to deal with complexity. Such partnerships may serve to stimulate local communityand economic development. Thus, it may maximise the effectiveness of local groupsand resources in meeting the...

Recent trends in the provision of infrastructure development indicate that the private sector is playing an increasingly important role in the procurement process. This trend has partly arisen out of a necessity for the development of infrastructure to be undertaken at a rate that maintains and...

Business improvement districts (BIDs) are usually established by the legislature as an innovative approach to deliver public services, and funds to support their operations come from taxation on business premises or special property assessment fees levied on property owners for various...

Business improvement districts (BIDs) are usually established by the legislature as an innovative approach to deliver public services, and funds to support their operations come from taxation on business premises or special property assessment fees levied on property owners for various...

Solid waste management is no longer a (local) government monopoly but a domain open to various modes of public-private co-operation. This paper investigates the performances of public-private partnerships in solid waste collection (SWC) in Accra. Through a process of trial and error, the (local)...