Institutional Design of Public-Private Partnerships for Infrastructure Projects

Public-Private Partnerships for Highway Projects

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Vietnam’s Infrastructure Constraints: Public Investments and Public-Private Partnerships

Successful countries provide economy and society with infrastructure needed to maintain growth. Development experience suggests that investing 7 percent of GDP in infrastructure is the right order of magnitude for high and sustained growth. Over the last twelve years, the government of Vietnam was able to sustain infrastructure investment at 10 percent of GDP. This remarkably high level of inve...

Public-private partnerships for hospitals.

While some forms of public-private partnerships are a feature of hospital construction and operation in all countries with mixed economies, there is increasing interest in a model in which a public authority contracts with a private company to design, build and operate an entire hospital. Drawing on the experience of countries such as Australia, Spain, and the United Kingdom, this paper reviews...

How to Design Infrastructure Contracts in a Warming World? A Critical Appraisal of Public-Private Partnerships

We analyze how uncertainty regarding future climate conditions affects the design of concession contracts, organizational forms and technological choices in a principal-agent context with dynamic moral hazard, limited liability and irreversibility constraints. The prospect of future, uncertain productivity shocks that affect the returns on the firm’s effort creates an option value of delaying e...

Public-Private Partnerships