Local mixed companies: the theory and practice in an international perspective

Nuno da Cruz, Rc Marques (), A. Marra and C. Pozzi

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Several factors have been contributing to the growing use of public private-partnership (PPP) arrangements by local governments, such as, the need for new investments on infrastructure (e.g. decentralization of responsibilities, regulatory requirements demanding better quality and environmental protection, renovation of the networks), imposition of strict debt limits to the localities, and local government reform policies/programs. Whereas contractual PPP arrangements, such as concession contracts, can be seen as an extension of traditional public procurement (with additional complexities in contract design and management) and are currently better handled by contracting authorities, institutionalized PPPs (mixed companies) are still quite puzzling for both practitioners and academics. In fact, the following questions deserve further investigation: When are mixed companies expected to depict a higher performance than other options? What are the risks involved and how should they be allocated and mitigated? How should mixed companies be monitored and evaluated? The articles in this Special Issue provide insightful answers to these and many other relevant questions to policy makers.

Keywords: institutionalized public-private partnerships; local government; partial privatization (search for similar items in EconPapers)
JEL-codes: J50 N0 (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-reg
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Citations: View citations in EconPapers (5)

Published in Annals of Public and Cooperative Economics, March, 2014, 85(1), pp. 1-9. ISSN: 1370-4788

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Related works:
Journal Article: LOCAL MIXED COMPANIES: THE THEORY AND PRACTICE IN AN INTERNATIONAL PERSPECTIVE (2014)
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