Purpose – Systemic risk propagated through over‐the‐counter (OTC) derivatives can best be managed by a public‐private central counterparty clearing house. The purpose of this paper is to outline the market microstructure necessary for such a clearing house. Design/methodology/approach...

1. Public research enterprises: the changing landscape -- 2. The scientific research process -- 3. Public good versus private good research: the empirical evidence -- 4. Crowding-in versus crowding-out of public good research -- 5. Knowledge creation and the research and development process --...

This paper presents a framework for analyzing the structure of contracts for public-private partnerships (PPP) that produce products and services that generally include mixtures of both public and private goods. A three-stage framework, sourced with the incomplete contracting and control rights...