|
|
|
|
||||
|
||||
Post-Tender Corruption and Risk Allocation: Implications for Public-Private PartnershipsElisabetta IossaUniversity of Rome Tor Vergata ; University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) David MartimortUniversity of Toulouse 1 - Industrial Economic Institute (IDEI); CESifo (Center for Economic Studies and Ifo Institute for Economic Research) May 17, 2011 CEIS Working Paper No. 195 Abstract: Whilst a lot has been said about how to fight corruption at tender stage in public procurement, post-tender corruption is an issue that remains almost unexplored. In this paper, we make a step towards filling this gap, by studying the relationship between the quality of a country's institutions, in particular its monitoring technologies and corruption, and the level and form of risk transfer to the contractor. We discuss the desirability of state-contingent clauses, which provide insurance to the contractor but are at high risk of manipulation. We derive implications on the benefit and cost of procurement forms which are based on high levels of risk transfer to the private sector, such as Public Private Partnerships (PPPs).
Number of Pages in PDF File: 28 Keywords: Corruption, Public Private Partnerships and Risk transfer JEL Classification: D73, D82, L33 working papers seriesDate posted: May 20, 2011 ; Last revised: May 26, 2011Suggested CitationContact Information
|
|
|||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo8 in 0.939 seconds
