Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/181521 
Year of Publication: 
2018
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2018: Digitale Wirtschaft - Session: Business Economics II No. E07-V2
Publisher: 
ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel, Hamburg
Abstract: 
The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under government management. Due to soft budget constraints of government management, PPPs exert more effort and therefore have a cost advantage. At the same time, hard budget constraints for PPPs introduce a bankruptcy risk and bankruptcy costs. Consequently, PPPs may be less efficient, although this does not result from PPPs’ higher interest costs.
JEL: 
H11
H54
G33
Document Type: 
Conference Paper

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