Public-Private Partnerships: Goods and the Structure of Contracts

Abstract

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 literature, is advanced to evaluate the successes and failures of a variety of PPP in the natural resources. These case studies provide unique insights into the contract structures that are typically designed for the management and provision of impure public goods. We demonstrate the desired contract structure of a PPP depends on the type of good or service produced, and it is this pivotal point that generally results in shared authority in the extraction or production and consumptive distribution of natural resources. 75 Annu. Rev. Resour. Econ. 2009.1:75-98. Downloaded from www.annualreviews.org Access provided by Michigan State University Library on 02/19/15. For personal use only.

Effects of the NHS reforms on financial sustainability

“…Accrualbased accounting methods (a process which recognises economic events at the time the activity is undertaken) were used to assess the financial position of each trust (Hodges, 2003). The significance of accrual-based accounting to the operations of a trust relates to its direct relationship with the levels of clinical activity (remunerated using payment by results contracts) as well as the treatment of fixed assets (property owned by the organisation and depreciation of medical equipment) and provisions for long-term liabilities such as private finance initiative arrangements (Rausser and Stevens, 2009).…”

Feasibility Study of Public-Private Partnership / Viešojo Ir Privačiojo Sektorių Partnerystės Galimybių Analizė

“…World practice shows that under the permanent deficit of financial resources, one of the possible solutions is the involvement of the private sector (especially its financial and Downloaded by [UNIVERSITY OF ADELAIDE LIBRARIES] at 11:04 17 November 2014 Feasibility Study of Public-Private Partnership 259 human resources) in the process of public service generation and provision (Xu et al, 2010a;rausser and Stevens, 2009;Ke et al, 2010;De lemos et al, 2000;el-Gohary et al, 2006). While dealing with the dualistic issue of public administration when with the shortage of financial and human resources the quality requirements for public services grow, it is but natural to start applying and developing a form of public-private partnership, which would enable to implement development projects over a shorter period of time than waiting for the budget to have and allocate the required funds.…”

“…This is determined by the division of liabilities and undertakings: the state pays to the private sector for services that are actually provided to the user and that meet the quality requirements defined in the contract, and provides sanctions on services of a poor quality (Pantelias and Zhang, 2010;li et al, 2005;roumboutsos and anagnostopoulos, 2008;eaton et al, 2009;Wang et al, 2000;Pessoa, 2008;Meng, 2002;Meidutė, 2008b). according to Chiara and Garvin (2008), such cooperation strategy may enable the private sector to more efficiently take over the functions that are not characteristic to the private sector.…”

The Public Role for the Effectiveness of the Territorial Enhancement Initiatives: A Case Study on the Redevelopment of a Building in Disuse in an Italian Small Town

“…Several authors have defined the public-private cooperation forms as a significant means of project financing and management [21][22][23][24]. In the last decades, in fact, the main reasons behind the application of PPPs concern (i) the limited financial resources of the public sector; (ii) the growing requirement for infrastructures or public services; (iii) the need to improve the urban quality through recovery interventions [25][26][27][28][29][30]. A sustainabilityoriented PPP framework, in fact, emphasizes this mechanism as a tool for urban governance to achieve feasible development goals in the context of public scarce financial resources and, at the same time, of the strong need of infrastructures, urban areas and public properties renovations [31].…”