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Transaction Costs in Public-Private Partnerships: A First Look at the Evidence
1 references·16 citing·51 second hopsampled
Transaction Costs in Public-Private Partnerships: A First Look at the Evidence (2006)Transaction Costs in Public-Private Partn…Contracting out by the public sector: theory, evidence, prospects (1997)Contracting out by the public…Walking the contractual tightrope: a transaction cost economics perspective on social impact bonds (2019)Walking the contractual tight…The European Investment Bank as Policy Entrepreneur and the Promotion of Public-Private Partnerships (2019)The European Investment Bank …Factors affecting transaction costs and collaboration in projects (2019)Factors affecting transaction…Risk Allocation in U.S. Public-Private Partnership Highway Project Contracts (2018)Risk Allocation in U.S. Publi…Comparative performance of PPPs and traditional procurement projects in Indonesia (2017)Comparative performance of PP…The Real Option Value of Renegotiation in Public–Private Partnerships (2016)The Real Option Value of Rene…Opportunism-Focused Transaction Cost Analysis of Public-Private Partnerships (2015)Opportunism-Focused Transacti…DETERMINANTS OF TRANSACTION COSTS IN CONSTRUCTION PROJECTS (2015)DETERMINANTS OF TRANSACTION C…Understanding pre-contractual transaction costs for Public–Private Partnership infrastructure projects (2014)Understanding pre-contractual…Does the private sector receive an excessive return from investments in health care infrastructure projects? Evidence from the UK (2013)Does the private sector recei…Factors That Affect Transaction Costs in Construction Projects (2012)Factors That Affect Transacti…Public-Private Partnership Networks: Exploring Business-Government Relationships in United Kingdom Transportation Projects (2011)Public-Private Partnership Ne…Moving Forward on Public Private Partnerships: U.S. and International Experience with PPP Units (2011)Moving Forward on Public Priv…Public-Private Partnerships and Investment in Infrastructure (2010)Public-Private Partnerships a…A Comparison of Construction Contract Prices for Traditionally Procured Roads and Public–Private Partnerships (2009)A Comparison of Construction …Ex Ante Construction Costs in the European Road Sector: A Comparison of Public-Private Partnerships and Traditional Public Procurement (2008)Ex Ante Construction Costs in…Transaction-Cost Economics: The Governance of Contractual Relations (1979)The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)Property Rights and the Nature of the Firm (1990)The Simple Micro-Economics of Public-Private Partnerships (2008)How much can public private partnership really do for urban transport in developing countries? (2012)The determinants of cost deviations and overruns in transport projects, an endogenous models approach (2018)The economic institutions of capitalism firms, markets, relational contracting (1985)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)Firms, Contracts, and Financial Structure (1995)Formation of Interorganizational Relational Behavior in Megaprojects: Perspective of the Extended Theory of Planned Behavior (2017)Evaluating issues and outcomes associated with public–private partnership housing project delivery: Tanzanian practitioners’ preliminary observations (2018)A Literature Review of Inter-Organizational Sustainability Learning (2020)The External Control of Organizations: A Resource Dependence Perspective (1979)External Control of Organizations: Resource Dependence Perspective (2011)How Infrastructure Public–Private Partnership Projects Change Over Project Development Phases (2018)Measuring and Managing Ex Ante Transaction Costs in Public Sector Contracting (2019)Public-private partnerships: determinants of the type of governance structure (2019)Contestable Markets and the Theory of Industry Structure (1982)The Economics of Public-Private Partnerships (2004)Do Public Sector Reforms Get Rusty? Local Privatization in Spain (2006)The efficiency and effectiveness of municipally owned corporations: a systematic review (2017)The Nature of the Firm (1937)Alternative Ways of Assessing Model Fit (1992)Principles and Practice of Structural Equation Modeling (1998)Identification and analyses of hidden transaction costs in project dispute resolutions (2014)Interplay of Contractual Governance and Trust in Improving Construction Project Performance: Dynamic Perspective (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Changing perceptions on PPP games: Demand risk in Irish roads (2013)Financing infrastructure – International trends (2014)Critical Factors on the Capital Structure of Public–Private Partnership Projects: A Sustainability Perspective (2018)The Economic Institutions of Capitalism (1986)The Economic Institutions of Capitalism (1987)Bayesian Analytics for Estimating Risk Probability in PPP Waste-to-Energy Projects (2018)Determining concession periods and minimum revenue guarantees in public-private-partnership agreements (2019)Fuzzy Synthetic Evaluation of the Critical Success Factors for the Sustainability of Public Private Partnership Projects in China (2021)A Coefficient of Agreement for Nominal Scales (1960)The Measurement of Observer Agreement for Categorical Data (1977)The qualitative content analysis process (2008)Identifying Significant Risks and Analyzing Risk Relationship for Construction PPP Projects in China Using Integrated FISM-MICMAC Approach (2019)Impact of Public Sector on Sustainability of Public–Private Partnership Projects (2019)Responsive governance in PPP projects to manage uncertainty (2019)Agendas, alternatives, and public policies (1984)Agendas, Alternatives, and Public Policies (1985)International Norm Dynamics and Political Change (1998)The Eurozone’s Evolving Fiscal Ecosystem: Mitigating Fiscal Discipline by Governing Through Off-Balance-Sheet Fiscal Agencies (2021)Towards a circular disruption: On the pivotal role of circular economy policy entrepreneurs (2022)The European Investor State: Its characteristics, genesis, and effects (2024)Do Public-Private Partnerships Create Value for Money for the Public Sector? The Portuguese Experience (2010)From design to operations: a process management life-cycle performance measurement system for Public-Private Partnerships (2017)
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References

  • 1997Contracting out by the public sector: theory, evidence, prospects524 cited

Cited by

  • 2012Factors That Affect Transaction Costs in Construction Projects118 cited
  • 2014Understanding pre-contractual transaction costs for Public–Private Partnership infrastructure projects105 cited
  • 2008Ex Ante Construction Costs in the European Road Sector: A Comparison of Public-Private Partnerships and Traditional Public Procurement103 cited
  • 2015Opportunism-Focused Transaction Cost Analysis of Public-Private Partnerships98 cited
  • 2009A Comparison of Construction Contract Prices for Traditionally Procured Roads and Public–Private Partnerships93 cited
  • 2018Risk Allocation in U.S. Public-Private Partnership Highway Project Contracts89 cited
  • 2016The Real Option Value of Renegotiation in Public–Private Partnerships85 cited
  • 2013Does the private sector receive an excessive return from investments in health care infrastructure projects? Evidence from the UK64 cited
  • 2019The European Investment Bank as Policy Entrepreneur and the Promotion of Public-Private Partnerships63 cited
  • 2011Public-Private Partnership Networks: Exploring Business-Government Relationships in United Kingdom Transportation Projects62 cited
  • 2015DETERMINANTS OF TRANSACTION COSTS IN CONSTRUCTION PROJECTS59 cited
  • 2019Factors affecting transaction costs and collaboration in projects58 cited

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  • 2010Public-Private Partnerships and Investment in Infrastructure57 cited
  • 2011Moving Forward on Public Private Partnerships: U.S. and International Experience with PPP Units48 cited
  • 2019Walking the contractual tightrope: a transaction cost economics perspective on social impact bonds47 cited
  • 2017Comparative performance of PPPs and traditional procurement projects in Indonesia46 cited