Hoppe, Eva I. and Schmitz, Patrick W. . How (Not) to Foster Innovations in Public Infrastructure Projects*. Scand. J. Econ.. HOBOKEN: WILEY. ISSN 1467-9442
Full text not available from this repository.Abstract
The government wants an infrastructure-based public service to be provided. First, the infrastructure has to be built; subsequently, it has to be operated. Should the government bundle the building and operating tasks in a public-private partnership? Or should it choose traditional procurement (i.e., delegate the tasks to different firms)? Each task entails unobservable investments to come up with innovations. It turns out that, depending on the nature of the innovations, bundling can either stimulate or discourage investments. Moreover, we find that if renegotiation cannot be prevented, public-private partnerships might lead the government to deliberately opt for technologically inferior projects.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-322374 | ||||||||||||
DOI: | 10.1111/sjoe.12393 | ||||||||||||
Journal or Publication Title: | Scand. J. Econ. | ||||||||||||
Publisher: | WILEY | ||||||||||||
Place of Publication: | HOBOKEN | ||||||||||||
ISSN: | 1467-9442 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
Uncontrolled Keywords: |
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URI: | http://kups.ub.uni-koeln.de/id/eprint/32237 |
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