Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/44850 
Authors: 
Year of Publication: 
2005
Citation: 
[Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 10 [Issue:] 2 [Publisher:] European Investment Bank (EIB) [Place:] Luxembourg [Year:] 2005 [Pages:] 11-30
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
Focussing on two key features of a PPP - the bundling of construction and operation of an infrastructure asset, for one, and private ownership for another - this paper argues that the PPP model is suitable for some public services but not for others. While the incentive-oriented mechanism of bundling and private ownership fosters cost savings in the provision of public services, such savings might come at the expense of public-interest objectives, which - after all - set public services apart from private goods and services. The challenge then is to find out whether the conditions for cost savings to outweigh departures from public-interest objectives are more likely to exist for some services than for others. This paper answers affirmatively, putting the ease (or difficulty) of contracting on public services - notably their public-interest objectives - at the heart of the argument.
Document Type: 
Article

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