Public–Private Agreements, Institutions, and Competition: When Economic Theory Meets Facts

Public–Private Agreements, Institutions, and Competition: When Economic Theory Meets Facts While, in practice, the participation of private actors at the local and national government levels through various types of contractual agreements has been increasing over the last decades, there are still few studies on the functioning and performances of such relationships. Our aim is to highlight some significant theoretical and empirical issues concerning Public–Private Agreements. We first assess the potential sources of efficiency of such contractual agreements. We then examine the selection issue which is a crucial stage for the efficiency of such agreement. Finally, we stress the importance of the institutional framework showing how it might affect the agreements’ efficiency. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Public–Private Agreements, Institutions, and Competition: When Economic Theory Meets Facts

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Publisher
Springer US
Copyright
Copyright © 2009 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-009-9226-z
Publisher site
See Article on Publisher Site

Abstract

While, in practice, the participation of private actors at the local and national government levels through various types of contractual agreements has been increasing over the last decades, there are still few studies on the functioning and performances of such relationships. Our aim is to highlight some significant theoretical and empirical issues concerning Public–Private Agreements. We first assess the potential sources of efficiency of such contractual agreements. We then examine the selection issue which is a crucial stage for the efficiency of such agreement. Finally, we stress the importance of the institutional framework showing how it might affect the agreements’ efficiency.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 17, 2009

References

  • Public private partnerships and prices: Evidence from water distribution in France
    Chong, E.; Huet, F.; Saussier, F.; Steiner, F.
  • The nature of the firm
    Coase, R. H.
  • Regulatory capture: A review
    Dal Bó, E.
  • PPI partnerships vs. PPI divorces in LDCs
    Estache, A.

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