This article applies political economy theory to public‐private partnerships (PPPs). First, we
propose that social welfare is the appropriate normative evaluation criterion to evaluate the …

Governments use public–private partnerships (PPPs) as their agents to finance, design,
build, maintain and operate their public infrastructure. Despite wide use, many PPPs have …

The paper examines the spending preferences of local governments on land revenues by
developing an indirect approach in which public sector outcomes are regressed with land …

This paper analyzes the trade-offs between the social cost of risk bearing and incentive
effects for technical efficiency in PPP contracts for utilities. Using a principal-agent …

This paper addresses some of the gaps in both classification and theory pertaining to local
government MEs and presents tentative predictions concerning the performance of local …

There is a broad consensus on the need for the major expansion of many ports.
Traditionally, ports and related facilities have involved significant levels of direct or indirect …

Fiscal accounts are meant to show how much and where the government spends public
funds or commits a country's resources to future payments. Information from government …

Arguments against providing fiscal aid to state governments usually rely on a simplistic
moral hazard argument: supporting states through a cyclical downturn encourages them to …

Local governments typically provide a variety of services including roads, primary and
secondary education, bus and other public transportation services, fire prevention, garbage …

Growth in special district governments is examined as a reason behind public sector
expansion in the United States. A theoretical model is developed of the optimal mix of …