Public-private Partnerships, Commitment and X-Inefficiency

Indrani Roy Chowdhury () and Prabal Roy Chowdhury ()
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Indrani Roy Chowdhury: Jawaharlal Nehru University
Prabal Roy Chowdhury: Indian Statistical Institute, Delhi

Discussion Papers from Indian Statistical Institute, Delhi

Abstract: We examine the formation of public private partnerships (PPPs), one of the most important organisational forms to evolve over the last few decades. Given the volume of infra-structural investment required, PPPs seem essential for India’s development. We unearth a role for PPP formation that is new in the literature, namely its role as a commitment device. In particular, we argue that the presence of the private firm allows a PPP to credibly commit to discontinuing the project when efficiency considerations demand so

Keywords: Public private partnerships; risk sharing; X-inefficiency; commitment (search for similar items in EconPapers)
Pages: 17 pages
Date: 2018-03
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