Political Opportunism and Transaction Costs in Contractual Choice of Public–Private Partnerships

2021 ◽  
Author(s):  
Wei Xiong ◽  
Ninghua Zhong ◽  
Feng Wang ◽  
Muyang Zhang ◽  
Bin Chen
Keyword(s):  
Transaction Costs ◽  
Public Private Partnerships ◽  
Contractual Choice

Regulation performance of public–private partnerships in the Portuguese water sector

2017 ◽  
Vol 3 (3) ◽  
pp. 157-178 ◽  
Author(s):  
Rui Cunha Marques ◽  
Hugo Consciência Silvestre
Keyword(s):  
Transaction Costs ◽  
Public Private Partnerships ◽  
Mediation Process ◽  
Water Services ◽  
Water Sector ◽  
Regulatory Structure ◽  
Institutional Economic ◽  
Political Interests ◽  
Portuguese Water

Starting from transaction costs (and new institutional economic approaches, this study sought to understand the influence of the regulatory structure and incentives on the performance of public–private partnerships in Portugal. The findings of this case study show that agency participation in the mediation process between parties is time consuming and improper from a technical perspective; in addition, the agency is captured by political interests, which does not favor users’ interests or the sustainability of water services. Thus, the regulatory structure and incentives cannot be dependent on political nominations, and existing contractual rules need to be reassigned.

Transaction Costs in Transport Public–Private Partnerships: Comparing Procurement Procedures

2010 ◽  
Vol 30 (3) ◽  
pp. 389-406 ◽  
Author(s):  
Antonio Sánchez Soliño ◽  
Pilar Gago de Santos
Keyword(s):  
Transaction Costs ◽  
Public Private Partnerships
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