| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13406 |
| DP13406 How (Not) to Foster Innovations in Public Infrastructure Projects | |
| Patrick W. Schmitz | |
| 发表日期 | 2018-12-21 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The government wants an infrastructure-based public service to be provided. First the infrastructure has to be built, subsequently it has to be operated. Should the government bundle the building and operating tasks in a public-private partnership? Or should it choose traditional procurement, i.e. delegate the tasks to different firms? Each task entails unobservable investments to come up with innovations. It turns out that depending on the nature of the innovations, bundling may either stimulate or discourage investments. Moreover, we find that if renegotiation cannot be prevented, a public-private partnership may lead the government to deliberately opt for a technologically inferior project. |
| 主题 | Industrial Organization |
| 关键词 | Procurement Innovations Public-private partnerships Moral hazard Renegotiation |
| URL | https://cepr.org/publications/dp13406 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542218 |
| 推荐引用方式 GB/T 7714 | Patrick W. Schmitz. DP13406 How (Not) to Foster Innovations in Public Infrastructure Projects. 2018. |
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