A government agency wants a facility to be built and managed to provide a public service. Two different modes of provision are considered. In a public-private partnership, the tasks of building and managing are bundled, whereas under traditional procurement, these tasks are delegated to separate...

The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed‘ Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...