EconPapers    
Economics at your fingertips  
 

Politics, risk, and white elephants in infrastructure PPPs

Albalate Daniel, Germà Bel () and Gragera Albert

Utilities Policy, 2019, vol. 58, issue C, 158-165

Abstract: Theoretical research on cooperation between public and private partners in infrastructure projects suggests that they can be a tool for preventing white elephants. However, various case studies suggest that actual outcomes are largely dependent on the effective transfer of operational risk to the private partner. This paper explores policy and planning dysfunction, and the idea that private entities that participate in public-private partnerships (PPPs) with no substantial risk transfer, and under heavily subsidized schemes, may engage in lobbying and exert pressure to develop white elephant projects.

Keywords: PPP; Political favoritism; Infrastructure (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0957178718302546
Full text for ScienceDirect subscribers only

Related works:
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:eee:juipol:v:58:y:2019:i:c:p:158-165

Access Statistics for this article

Utilities Policy is currently edited by D. Smith

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2020-01-06
Handle: RePEc:eee:juipol:v:58:y:2019:i:c:p:158-165