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Article: Public-private partnerships: Task interdependence and contractibility

TitlePublic-private partnerships: Task interdependence and contractibility
Authors
KeywordsComplementarity
Incomplete contracts
Public-private partnership
Substitutability
Issue Date2010
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijio
Citation
International Journal Of Industrial Organization, 2010, v. 28 n. 6, p. 591-603 How to Cite?
AbstractWe examine the proper scope of public-private partnerships in the context of a project consisting of two tasks, building and operation of a facility. We investigate the optimal arrangement regarding bundling versus unbundling and private ownership versus public ownership. Like Bennett and Iossa (2006), we assume that the innovative activity in the building stage has impacts on, among other things, the subsequent operational cost. We relax the nature of task interdependence and study different contractual frameworks. The general insight is that given limitations in contractibility, contrary to common sense, complementarity between tasks favors unbundling over bundling. © 2010 Elsevier B.V.
Persistent Identifierhttp://hdl.handle.net/10722/129437
ISSN
2015 Impact Factor: 0.866
2015 SCImago Journal Rankings: 1.085
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChen, BRen_HK
dc.contributor.authorChiu, YSen_HK
dc.date.accessioned2010-12-23T08:37:13Z-
dc.date.available2010-12-23T08:37:13Z-
dc.date.issued2010en_HK
dc.identifier.citationInternational Journal Of Industrial Organization, 2010, v. 28 n. 6, p. 591-603en_HK
dc.identifier.issn0167-7187en_HK
dc.identifier.urihttp://hdl.handle.net/10722/129437-
dc.description.abstractWe examine the proper scope of public-private partnerships in the context of a project consisting of two tasks, building and operation of a facility. We investigate the optimal arrangement regarding bundling versus unbundling and private ownership versus public ownership. Like Bennett and Iossa (2006), we assume that the innovative activity in the building stage has impacts on, among other things, the subsequent operational cost. We relax the nature of task interdependence and study different contractual frameworks. The general insight is that given limitations in contractibility, contrary to common sense, complementarity between tasks favors unbundling over bundling. © 2010 Elsevier B.V.en_HK
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijioen_HK
dc.relation.ispartofInternational Journal of Industrial Organizationen_HK
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in International Journal of Industrial Organization. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Journal of Industrial Organization, 2010, v. 28 n. 6, p. 591-603. DOI: 10.1016/j.ijindorg.2010.02.002-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectComplementarityen_HK
dc.subjectIncomplete contractsen_HK
dc.subjectPublic-private partnershipen_HK
dc.subjectSubstitutabilityen_HK
dc.titlePublic-private partnerships: Task interdependence and contractibilityen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0167-7187&volume=28&issue=6&spage=591&epage=603&date=2010&atitle=Public-private+partnerships:+task+interdependence+and+contractibilityen_US
dc.identifier.emailChiu, YS: sywchiu@hku.hken_HK
dc.identifier.authorityChiu, YS=rp01057en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.ijindorg.2010.02.002en_HK
dc.identifier.scopuseid_2-s2.0-77957700684en_HK
dc.identifier.hkuros176993en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77957700684&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume28en_HK
dc.identifier.issue6en_HK
dc.identifier.spage591en_HK
dc.identifier.epage603en_HK
dc.identifier.isiWOS:000284134900002-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChen, BR=35728175500en_HK
dc.identifier.scopusauthoridChiu, YS=7202775090en_HK

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