IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789813222076_0016.html
   My bibliography  Save this book chapter

Public–Private Partnerships

In: The Unwinding of the Globalist Dream EU, Russia and China

Author

Listed:
  • Yiyi Liu

Abstract

It is commonly believed that multilateral disagreements are caused by conflicting participant preferences. This chapter shows that conflicts may arise when participants have the same goal. This may happen when the action of any individual participant is insufficient to assure that the common goal is efficiently achieved. This chapter explains why Public–Private Partnerships (PPPs) could be superior to traditional government owned and operated public service enterprises. The point is proven with an example where two government regulators working separately to achieve the same goal fail to jointly optimize, impairing contact efficiency. Losses of this sort can be avoided by a single authority with full decision-making power in principle, but it is shown more generally that the comparative merit of traditional and PPP public services depends heavily on particularities and context. PPP could help revitalize China’s flagging growth, but should be viewed as a panacea.

Suggested Citation

  • Yiyi Liu, 2018. "Public–Private Partnerships," World Scientific Book Chapters, in: Steven Rosefielde & Masaaki Kuboniwa & Satoshi Mizobata & Kumiko Haba (ed.), The Unwinding of the Globalist Dream EU, Russia and China, chapter 16, pages 263-286, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813222076_0016
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789813222076_0016
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789813222076_0016
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Globalism; Globalization; Populism; European Union; Russia; China; Secular Economic Stagnation; Political Disintegration; Cold War; Economic Sanctions;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789813222076_0016. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.