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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 procurement based on Hart (2003), and Iossa and Martimort (2015) to see …
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traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …
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