The Economics of Public Private Partnerships

By: Darrin Grimsey (Editor), Mervyn K. Lewis (Editor)

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Hardcover | 1 January 2005

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640 Pages

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24.13 x 17.78 x 5.72

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This important collection presents an authoritative selection of papers on public private partnerships. The literature is relatively new, and draws on the disciplines of both economics and engineering. As well as examining the recent experience of these schemes - whose evolution has accelerated in recent years - this insightful collection also considers the intellectual origins of the concept, and investigates the organisational and risk management aspects of PPPs. It will be an essential source of reference for all those with an interest in this topical subject. 36 articles, dating from 1991 to 2003

Industry Reviews

'A seminal body of work, The Economics of Public Private Partnerships is a welcome addition to the growing body of international economic literature and a core addition to professional and academic library Economic Studies reference collections and supplemental reading lists.' -- Midwest Book Review

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Introduction
Public-private partnerships	p. 3
The meaning of privatization	p. 7
The "new public management" in the 1980s : variations on a theme	p. 43
Competitive tendering and contracting in the public sector : a survey	p. 60
Coming to terms with the public-private partnership : a grammar of multiple meanings	p. 75
Design and build - effects of contractor design on highway schemes	p. 95
Private financing and infrastructure provision in emerging markets	p. 108
Private-sector participation in infrastructure : risk, fiscal, and efficiency issues in public-private arrangements for the provision of services	p. 133
Highway franchising : pitfalls and opportunities	p. 145
Philosophical aspects of the public/private sector partnership	p. 153
Flexibility in long-term contractual relationships : the role of co-operation	p. 170
Organization of public-private partnership projects : the timely prevention of pitfalls	p. 196
Private provision of public infrastructure : an organizational analysis of the next privatization frontier	p. 202
Dispute resolution mechanisms to address unforeseen circumstances in long term BOT contracts	p. 254
Infrastructure financing with unbundled mechanisms	p. 258
A structure for government requirements in public-private partnerships	p. 276
Incomplete contracts and public ownership : remarks, and an application to public-private partnerships	p. 295
Transaction costs, relational contracting and public private partnerships : a case study of UK defence	p. 303
The private finance initiative	p. 317
The economics of the private finance initiative	p. 332
The risk premium for evaluating public projects	p. 346
Private opportunity, public benefit?	p. 360
The private finance initiative in the national health service : an unhealthy development in new public management?	p. 380
Public-private partnership : an alternative institutional model for implementing the private finance initiative in the provision of transport infrastructure	p. 406
Public and private sector discount rates in public-private partnerships	p. 422
Public-private technology partnerships : promises and pitfalls	p. 431
A new model for public-private partnerships	p. 453
Public-private partnerships in U.S. highway finance : ISTEA and beyond	p. 467
Public-private partnerships in the U.S. prison system	p. 489
Private capital in water and sanitation	p. 506
Lessons from the French experience in public and private partnership	p. 510
On the allocation of risk in construction projects	p. 525
The U.K. revolution in public procurement and the value of project finance	p. 533
Karachi light rail transit : a private finance proposal	p. 539
Risk allocation in the Melbourne city link project	p. 553
Evaluating the risks of public private partnerships for infrastructure projects	p. 567
Table of Contents provided by Blackwell. All Rights Reserved.

The Economics of Public Private Partnerships

At a Glance

Hardcover

Industry Reviews

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