Control rights in public-private partnerships

Control rights in public-private partnerships
Marco Francesconi, Marco Franc ...
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Last edited by MARC Bot
December 17, 2020 | History

Control rights in public-private partnerships

"This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of impurity is large, control rights should be given to the main investor, irrespective of preference considerations. There are some situations in which this allocation is optimal even if the degree of impurity is very low as long as one party's investment is more important than the other party's. If the parties' investments are of similar importance and the degree of impurity is large, shared authority is optimal with a greater share going to the low-valuation party. If the importance of the parties' investments is similar but the degree of impurity is neither large nor small, the low-valuation party should receive sole authority. We apply our results to a number of situations, including schools and child custody"--Forschungsinstitut zur Zukunft der Arbeit web site.

Publish Date
Publisher
IZA
Language
English

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Book Details


Edition Notes

Title from PDF file as viewed on 5/31/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Published in
Bonn, Germany
Series
Discussion paper -- no. 2143, Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2143

Classifications

Library of Congress
HD5701

The Physical Object

Format
[electronic resource] /

ID Numbers

Open Library
OL31759132M
LCCN
2006618050

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December 17, 2020 Created by MARC Bot import new book