In the late 1980s Mexico, like other emerging economies, embarked upon an accelerated expansion of its toll highway system by offering concessions to the private sector for construction and operation. The government awarded Build-Operate-Transfer (BOT) contracts where a private entity builds the...

This article investigates how managers in public-private partnership (PPP) projects respond to social or physical events during the implementation of their projects, and which of their responses produce satisfactory outcomes. Multi-value Qualitative Comparative Analysis (mvQCA) was used to...

This paper studies the optimal structure of procurement contracts between public and private sectors by mainly comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a principal-agent model focusing on bundling effects of...