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Center Discussion Papers, Economic Growth Center (EGC), Yale University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26996
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| DC Field | | Value | | Language |
| dc.contributor.author | | Engel, Eduardo M. R. A. | | en_US |
| dc.contributor.author | | Fischer, Ronald D. | | en_US |
| dc.contributor.author | | Galetovic, Alexander | | en_US |
| dc.date.accessioned | | 2009-08-06T09:44:40Z | | - |
| dc.date.available | | 2009-08-06T09:44:40Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/26996 | | - |
| dc.description.abstract | | Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are justified on efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public funds, features a minimum revenue guarantee and a revenue cap. However, observed revenue guarantees and revenue sharing arrangements differ from those suggested by the optimal contract. Also, this contract can be implemented via a competitive auction with realistic informational requirements. Finally, the allocation of risk under the optimal contract suggests that PPPs are closer to public provision than to privatization. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Yale Univ., Economic Growth Center New Haven, Conn. | | en_US |
| dc.relation.ispartofseries | | Center discussion paper // Economic Growth Center 957 | | en_US |
| dc.subject.jel | | H21 | | en_US |
| dc.subject.jel | | H54 | | en_US |
| dc.subject.jel | | L51 | | en_US |
| dc.subject.jel | | R42 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Bundling | | en_US |
| dc.subject.keyword | | cost of public funds | | en_US |
| dc.subject.keyword | | demsetz auction | | en_US |
| dc.subject.keyword | | minimum revenue guarantees | | en_US |
| dc.subject.keyword | | privatization | | en_US |
| dc.subject.keyword | | revenue and profit caps | | en_US |
| dc.subject.keyword | | scope of government, | | en_US |
| dc.subject.keyword | | subsidies. | | en_US |
| dc.title | | The basic public finance of public-private partnerships | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 593371534 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Center Discussion Papers, Economic Growth Center (EGC), Yale University
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