Incomplete Contracts and Public Ownership: Remarks, and an Application to Public‐Private Partnerships

2003/03/01 by Oliver Hart · 10 citations
Business, Management and Accounting · Economics, Econometrics and Finance · Social Sciences · #Public-Private Partnership Projects #Fiscal Policy and Economic Growth #Local Government Finance and Decentralization

paper · doi:10.1111/1468-0297.00119

Abstract

The question of what should determine the boundaries between public and private firms in an advanced capitalist economy is a highly topical one. In this paper I discuss some recent theoretical thinking on this issue. I divide the paper into two parts. First, I make some general remarks about the relationship between the theoretical literature of privatization and incomplete contracting theories of the firm. Second, I use some of the ideas from this literature to develop a very preliminary model of public-private partnerships.

Cited by

• Public–private partnership [wikipedia]
• Public-private partnerships in China's urban water sector. [europepmc]
• Clinical directors' views of centralisation and commissioning of cleft services in the U.K. [europepmc]
• A simulation study of the impact of the public-private partnership strategy on the performance of transport infrastructure. [europepmc]
• River Management for Local Governments in China: From Public to Private. [europepmc]
• Evaluating the Intention and Behaviour of Private Sector Participation in Healthcare Service Delivery via Public-Private Partnership: Evidence from China. [europepmc]
• A critical look at the Portuguese public-private partnerships in healthcare. [europepmc]
• Factors Influencing Procurement Officers' Preference for PPP Procurement Model: An Empirical Analysis of China. [europepmc]
• Study on the evolutionary game of the three parties in the combined medical and health-care PPP project. [europepmc]
• Analyzing the effect of public private partnership mode on sewage treatment in China. [europepmc]

Related

• The Interdependence between Ownership Status and Market Structure: The Case of Privatization
• State versus Private Ownership
• Public-Private Partnerships
• Public–Private Partnerships: from Contested Concepts to Prevalent Practice
• Coming to Terms With the Public-Private Partnership