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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Engel, Eduardo M. R. A. | en |
dc.contributor.author | Fischer, Ronald D. | en |
dc.contributor.author | Galetovic, Alexander | en |
dc.date.accessioned | 2009-08-06T09:44:40Z | - |
dc.date.available | 2009-08-06T09:44:40Z | - |
dc.date.issued | 2007 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aYale University, Economic Growth Center |cNew Haven, CT | en |
dc.relation.ispartofseries | |aCenter Discussion Paper |x957 | en |
dc.subject.jel | H21 | en |
dc.subject.jel | H54 | en |
dc.subject.jel | L51 | en |
dc.subject.jel | R42 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Bundling | en |
dc.subject.keyword | cost of public funds | en |
dc.subject.keyword | demsetz auction | en |
dc.subject.keyword | minimum revenue guarantees | en |
dc.subject.keyword | privatization | en |
dc.subject.keyword | revenue and profit caps | en |
dc.subject.keyword | scope of government, | en |
dc.subject.keyword | subsidies. | en |
dc.title | The basic public finance of public-private partnerships | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 593371534 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:egc:wpaper:957 | en |
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