Private finance, public risk
نویسندگان
چکیده
منابع مشابه
Finance and Public-Private Partnerships
A PPP bundles investment and service provision of infrastructure into a single long-term contract. A group of private investors finances and manages the construction of the project, then maintains and operates the facilities for a long period of usually 20 to 30 years, and at the end of the contract transfers the assets to the government. During the operation of the project, the private partner...
متن کاملPrivate Infrastructure, Public Risk - Finance & Development - March 1999 - Mateen Thobani
recognizing their inability to provide infrastructure services efficiently, governments in many developing countries have opened their infrastructure sectors to private investors. The stock of private foreign financing for infrastructure projects in developing countries grew from $0.1 billion in 1988 to $20.3 billion in 1996. The private sector is now involved in areas once considered the prese...
متن کاملDiscussion of Finance and Public-Private Partnerships
Borrowing from existing results, in particular Hart (2003), the authors argue that the benefits of PPPs to society lie only in efficiency gains in production (e.g. bundling and cost-cutting incentives) and allocation (e.g. improvements in the quality and quantity of infrastructure). They conclude that risk transfer to the private sector is most justified when the risk is endogenous (i.e. it is ...
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Can public income insurance through progressive income taxation improve the allocation of risk in an economy where private risk sharing is incomplete? The answer depends crucially on the fundamental friction that limits private risk sharing in the first place. If risk sharing is limited because insurance markets are missing for model-exogenous reasons (as in Bewley, 1986) publicly provided risk...
متن کاملPrivate finance initiative (or public private partnership) implementation processes and perception of value for money
The aim of this study is to examine the relationships among perceptions of implementation processes, implementation difficulties and value for money (VFM) in UK school private finance initiative (PFI) or public private partnership (PPP) contracts. The results suggest that implementation factors, such as effective PFI ‘consultation’, ‘contractual’, ‘monitoring and review’ processes have a signif...
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ژورنال
عنوان ژورنال: BMJ
سال: 1995
ISSN: 0959-8138,1468-5833
DOI: 10.1136/bmj.311.7018.1450