This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
The Basic Public Finance of Public-Private Partnerships Author info | Abstract | Publisher info | Download info | Related research | Statistics Eduardo Engel
Ronald Fischer
Alexander Galetovic ()
Additional information is available for the following
registered author(s):
Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are desirable because the private sector is more efficient, the contract that optimally trades demand risk, user-fee distortions and the opportunity cost of public funds is characterized by a minimum revenue guarantee and a cap on the firm’s revenues. Yet income guarantees and revenue sharing arrangements observed in practice differ fundamentally from those suggested by the optimal contract. The optimal contract can be implemented via a competitive auction with realistic informational requirements; and risk allocation under the optimal contract suggests that PPPs are closer to public provision than to privatization. JEL classification: H21, H54, L51, R42.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Centro de Economía Aplicada, Universidad de Chile in its series Documentos de Trabajo with number
235.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length:
Date of creation: 2007Date of revision:
Handle: RePEc:edj:ceauch:235Contact details of provider:
For technical questions regarding this item, or to correct its listing, contact: ().
Keywords: Other versions of this item:
Paper Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007.
"The Basic Public Finance of Public-Private Partnerships ,"
Documentos de Trabajo
234, Centro de Economía Aplicada, Universidad de Chile.
[Downloadable!] Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007.
"The Basic Public Finance of Public-Private Partnerships ,"
NBER Working Papers
13284, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007.
"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 distort ,"
Cowles Foundation Discussion Papers
1618, Cowles Foundation, Yale University, revised Feb 2008.
[Downloadable!] Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007.
"The Basic Public Finance of Public-Private Partnerships ,"
Levine's Bibliography
843644000000000313, UCLA Department of Economics.
[Downloadable!] Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007.
"The Basic Public Finance of Public-Private Partnerships ,"
Working Papers
957, Economic Growth Center, Yale University.
[Downloadable!] References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Bennett, John & Iossa, Elisabetta, 2006.
"Building and managing facilities for public services ,"
Journal of Public Economics ,
Elsevier, vol. 90(10-11), pages 2143-2160, November.
[Downloadable!] (restricted)
Other versions:
Bennett, John & Elisabetta Iossa, 2002.
"Building and Managing Facilities for Public Services ,"
Royal Economic Society Annual Conference 2002
22, Royal Economic Society.
[Downloadable!] John Bennett & Elisabetta Iossa, 2004.
"Building and Managing Facilities for Public Services ,"
Public Policy Discussion Papers
02-08, Economics and Finance Section, School of Social Sciences, Brunel University.
[Downloadable!] John Bennett & Elisabetta Iossa, 2002.
"Building and Managing Facilities for Public Services ,"
Economics and Finance Discussion Papers
02-08, Economics and Finance Section, School of Social Sciences, Brunel University.
[Downloadable!] JOhn Bennett & Elisabetta Iossa, 2005.
"Building and Managing Facilities for Public Services ,"
The Centre for Market and Public Organisation
05/137, Department of Economics, University of Bristol, UK.
[Downloadable!] Riordan, Michael H & Sappington, David E M, 1987.
"Awarding Monopoly Franchises ,"
American Economic Review ,
American Economic Association, vol. 77(3), pages 375-87, June.
[Downloadable!] (restricted)
Klein, Michael, 1997.
"The Risk Premium for Evaluating Public Projects ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 13(4), pages 29-42, Winter.
Grout, Paul A, 1997.
"The Economics of the Private Finance Initiative ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 13(4), pages 53-66, Winter.
Harstad, Ronald M & Crew, Michael A, 1999.
"Franchise Bidding without Holdups: Utility Regulation with Efficient Pricing and Choice of Provider ,"
Journal of Regulatory Economics ,
Springer, vol. 15(2), pages 141-63, March.
[Downloadable!] (restricted)
Paul A. Grout & Margaret Stevens, 2003.
"The Assessment: Financing and Managing Public Services ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 19(2), pages 215-234, Summer.
Brealey, R A & Cooper, I A & Habib, M A, 1997.
"Investment Appraisal in the Public Sector ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 13(4), pages 12-28, Winter.
Eduardo M. R. A. Engel & Ronald D. Fischer & Alexander Galetovic, 2001.
"Least-Present-Value-of-Revenue Auctions and Highway Franchising ,"
Journal of Political Economy ,
University of Chicago Press, vol. 109(5), pages 993-1020, October.
[Downloadable!] (restricted)
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Eduardo Engel & Ronald Fischer, 2008.
"Optimal Resource Extraction Contracts Under Threat of Expropriation ,"
Working Papers
960, Economic Growth Center, Yale University.
[Downloadable!]
Other versions:
Eduardo Engel & Ronald Fischer, 2008.
"Optimal Resource Extraction Contracts Under Threat of Expropriation ,"
NBER Working Papers
13742, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Eduardo Engel & Ronald Fischer, 2008.
"Optimal Resource Extraction Contracts under Threat of Expropriation ,"
Levine's Bibliography
122247000000001833, UCLA Department of Economics.
[Downloadable!] Eduardo Engel & Ronald Fischer, 2008.
"Optimal Resource Extraction Contracts under Threat of Expropriation ,"
Cowles Foundation Discussion Papers
1636, Cowles Foundation, Yale University.
[Downloadable!] Easter ly, William & Irwin, Timothy & Serven, Luis, 2007.
"Walking up the down escalator : public investment and fiscal stability ,"
Policy Research Working Paper Series
4158, The World Bank.
[Downloadable!]
Access and
download statistics Did you know? You too can volunteer for RePEc, for example by editing a NEP report.
This page was last updated on 2008-7-4.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .