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Is the PPP model applicable across sectors?

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  • Riess, Armin

    ()
    (European Investment Bank, Economic and Financial Studies)

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    Abstract

    Focussing on two key features of a PPP - the bundling of construction and operation of an infrastructure asset, for one, and private ownership for another - this paper argues that the PPP model is suitable for some public services but not for others. While the incentive-oriented mechanism of bundling and private ownership fosters cost savings in the provision of public services, such savings might come at the expense of public-interest objectives, which - after all - set public services apart from private goods and services. The challenge then is to find out whether the conditions for cost savings to outweigh departures from public-interest objectives are more likely to exist for some services than for others. This paper answers affirmatively, putting the ease (or difficulty) of contracting on public services - notably their publicinterest objectives - at the heart of the argument.

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    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2005_v10_n02_en.pdf#page=12
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    Bibliographic Info

    Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 6/2005.

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    Length: 21 pages
    Date of creation: 06 Jun 2005
    Date of revision:
    Handle: RePEc:ris:eibpap:2005_006

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    Related research

    Keywords: public-private partnerships; economic sectors; incomplete contracts; ownership;

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    References

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    1. 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.
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    Cited by:
    1. Blanc-Brude, Frederic & Goldsmith, Hugh & Valila, Timo, 2007. "Ex Ante Construction Costs In The European Road Sector: A Comparison Of Public-Private Partnerships And Traditional Public Procurement," Economic and Financial Reports 2006/1, European Investment Bank, Economics Department.
    2. Efraim Sadka, 2006. "Public-Private Partnerships," IMF Working Papers 06/77, International Monetary Fund.
    3. Frédéric Blanc-Brude & Hugh Goldsmith & Timo Välilä, 2009. "A Comparison of Construction Contract Prices for Traditionally Procured Roads and Public–Private Partnerships," Review of Industrial Organization, Springer, vol. 35(1), pages 19-40, September.

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