traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …

This paper studies the optimal structure of procurement contracts between public and private sectors by mainly … comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a … principal-agent model focusing on bundling effects of procurement based on Hart (2003), and Iossa and Martimort (2015) to see …

the economic theory of incentives, procurement and regulation. In particular, we analyse alternative funding mechanisms to … for greenfield projects where little demand information is initially available. We discuss the procurement of highway PPPs …

the economic theory of incentives, procurement and regulation. In particular, we analyse alternative funding mechanisms to … for greenfield projects where little demand information is initially available. We discuss the procurement of highway PPPs …

A public-private partnership ("PPP") arrangement differs from conventional public procurement in several respects. In a … authority (the "Authority") and a private sector company (the "PPP Company") based on the procurement of services, not assets … using a PPP arrangement instead of conventional public procurement rests on the proposition that optimal risk sharing with …