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- W3122254328 abstract "The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under government management. Due to soft budget constraints of government management, PPPs exert more effort and therefore have a cost advantage. At the same time, hard budget constraints for PPPs introduce a bankruptcy risk and bankruptcy costs. Consequently, PPPs may be less efficient, although this does not result from PPPs’ higher interest costs." @default.
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- W3122254328 date "2018-01-01" @default.
- W3122254328 modified "2023-09-26" @default.
- W3122254328 title "Financing Costs and the Efficiency of Public-Private Partnerships" @default.
- W3122254328 hasPublicationYear "2018" @default.
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