Delegation of Contracting in the Private Provision of Public Services

John Bennett () and Elisabetta Iossa

Economics and Finance Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University

Abstract: We use an incomplete-contract approach to compare contracting out by a public sector agency with the delegation of contracting out to a public-private partnership(PPP) that is a joint venture between private and sector agents. The PPP maximizes a linear combination of profit and social benefit. Such delegation may be desirable to curb innovations that reduce the coset of provision but also reduce social benefit. Delegation may be undesirable for innovations that increase social benefit but also raise costs. Our results are explained in term of the shadow cost of public funds and the negociating stance of the PPP.

Pages: 22 pages
Date: 2005-06
New Economics Papers: this item is included in nep-pbe
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.brunel.ac.uk/329/efwps/05-15.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.brunel.ac.uk/329/efwps/05-15.pdf [301 Moved Permanently]--> https://www.brunel.ac.uk/329/efwps/05-15.pdf)

Related works:
Journal Article: Delegation of Contracting in the Private Provision of Public Services (2006)
Working Paper: Delegation of Contracting in the Private Provision of Public Services (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bru:bruedp:05-15

Access Statistics for this paper

More papers in Economics and Finance Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University Brunel University, Uxbridge, Middlesex UB8 3PH, UK.
Bibliographic data for series maintained by John.Hunter ().