Influence of market structures on concession pricing in Public-Private-Partnership utilities with asymmetric information

Jingfeng Yuan, Hongxing Ding, Zeyuan Huang, Binchao Deng, Shuai Li and Wei Huang

Utilities Policy, 2021, vol. 69, issue C

Abstract: This study investigates the influence of market structures on Public-Private-Partnership (PPP) utility concession pricing. The private firm's cost and the government's public-management cost, and redundancy risk in the separation scenario, are considered by modeling concession pricing. The results suggest that the effect of the firm's cost is similar under the integrated and separated structures. Redundancy risk increases service prices and may decrease government subsidies. The findings suggest that vertical separation may help control public-management costs under PPPs.

Keywords: Concession pricing; Public-Private-Partnership (PPP); Market structure (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:69:y:2021:i:c:s0957178720301533

DOI: 10.1016/j.jup.2020.101162

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