Public Private Partnerships

Description

There is not one week without any newspaper article talking about PPPs. But what are they? What are their advantages and disadvantages? How are they different from private contracts? In this video Stephane Saussier provides an introduction to PPPs and an overview of their typology and main features.

References

Baker, G., Gibbons, R., & Murphy, K. J. (2002). Relational Contracts and the Theory of the Firm. The Quarterly Journal of Economics, 117(1), 39–84.

Hart, O. (2003). Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships. The Economic Journal, 113(486, Conference Papers (Mar., 2003)), C69–C76.

Macaulay, S. (1963). Non-Contractual Relations in Business: A Preliminary Study. American Sociological Review, 28(1), 55–67.

Spiller, P. T. (2008). An Institutional Theory of Public Contracts: Regulatory Implications (NBER Working Paper 14152). http://doi.org/10.3386/w14152

World Bank. (2014). 2014 Global PPI Update. Retrieved from http://ppi.worldbank.org/~/media/GIAWB/PPI/Documents/Global-Notes/Global2014-PPI-Update.pdf