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Local mixed companies: the theory and practice in an international perspective

Author

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  • da Cruz, Nuno F.
  • Marques, Rui Cunha
  • Marra, A.
  • Pozzi, C.

Abstract

Several factors have been contributing to the growing use of public private-partnership (PPP) arrangements by local governments, such as, the need for new investments on infrastructure (e.g. decentralization of responsibilities, regulatory requirements demanding better quality and environmental protection, renovation of the networks), imposition of strict debt limits to the localities, and local government reform policies/programs. Whereas contractual PPP arrangements, such as concession contracts, can be seen as an extension of traditional public procurement (with additional complexities in contract design and management) and are currently better handled by contracting authorities, institutionalized PPPs (mixed companies) are still quite puzzling for both practitioners and academics. In fact, the following questions deserve further investigation: When are mixed companies expected to depict a higher performance than other options? What are the risks involved and how should they be allocated and mitigated? How should mixed companies be monitored and evaluated? The articles in this Special Issue provide insightful answers to these and many other relevant questions to policy makers.

Suggested Citation

  • da Cruz, Nuno F. & Marques, Rui Cunha & Marra, A. & Pozzi, C., 2014. "Local mixed companies: the theory and practice in an international perspective," LSE Research Online Documents on Economics 59794, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:59794
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    References listed on IDEAS

    as
    1. da Cruz, Nuno F. & Marques, Rui Cunha, 2012. "Mixed companies and local governance: no man can serve two masters," LSE Research Online Documents on Economics 59778, London School of Economics and Political Science, LSE Library.
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    9. B. Guy PETERS & Jon PIERRE & Asbjørn RØISELAND, 2014. "Financial Gains And Value Loss? The Impacts Of Local Mixed Companies," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(1), pages 87-102, March.
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    Cited by:

    1. Julie de Brux & Frederic Marty, 2014. "IPPP Risks and opportunities an economic perspective," Documents de Travail de l'OFCE 2014-11, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Thomas KOSTAL & Verena MICHALITSCH & Gabriel OBERMANN, 2014. "Local Public Transport in Vienna by Wiener Linien - Governance and Provision of Services," CIRIEC Working Papers 1417, CIRIEC - Université de Liège.
    3. Dementiev, Andrei, 2016. "Strategic partnerships in local public transport," Research in Transportation Economics, Elsevier, vol. 59(C), pages 65-74.
    4. Germà Bel & Jordi Rosell, 2016. "Public and Private Production in a Mixed Delivery System: Regulation, Competition and Costs," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 35(3), pages 533-558, June.
    5. Carole RENTSCH & Matthias FINGER, 2015. "Yes, No, Maybe: The Ambiguous Relationships Between State-Owned Enterprises And The State," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 617-640, December.

    More about this item

    Keywords

    institutionalized public-private partnerships; local government; partial privatization;

    JEL classification:

    • N0 - Economic History - - General
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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