Transaction-Cost Approach to the Comparative Analysis of User-Pay and Government-Pay Public-Private Partnership Systems
Abstract
Government-pay and user-pay public-private partnership (P3) systems have been employed as the main conduits for channelling private capital to finance the provision of public services throughout the world. In efficiency terms, they are suited to different types of projects. This paper develops a model to illuminate the condition under which one route would perform better than the other. If both of them are instituted into law, governance...
Paper Details
Title
Transaction-Cost Approach to the Comparative Analysis of User-Pay and Government-Pay Public-Private Partnership Systems
Published Date
Sep 1, 2014
Volume
140
Issue
9
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