Analysis of decision-making mechanism for operation period extension of public-private partnership projects under incomplete contracts

Abstract
In this paper,we focus on public-private partnership projects whose revenue depends on charges collected from users. We investigate whether the government should extend the private sector's operation period when the demand unexpectedly declines so that Pareto-improvement can be achieved for both the private sector and consumers. Our results show that( 1) in some scenarios the Pareto-improvement can be achieved by solely dropping price without...
Paper Details
Title
Analysis of decision-making mechanism for operation period extension of public-private partnership projects under incomplete contracts
Published Date
Jan 1, 2014
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