Public-Private Partnerships: Goods and the Structure of Contracts

Posted: 4 Jun 2010

See all articles by Gordon C. Rausser

Gordon C. Rausser

University of California, Berkeley - Department of Agricultural and Resource Economics

Reid B. Stevens

University of California, Berkeley

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Abstract

This paper presents a framework for analyzing the structure of contracts for public-private partnerships (PPP) that produce products and services that generally include mixtures of both public and private goods. A three-stage framework, sourced with the incomplete contracting and control rights literature, is advanced to evaluate the successes and failures of a variety of PPP in the natural resources. These case studies provide unique insights into the contract structures that are typically designed for the management and provision of impure public goods. We demonstrate the desired contract structure of a PPP depends on the type of good or service produced, and it is this pivotal point that generally results in shared authority in the extraction or production and consumptive distribution of natural resources.

Suggested Citation

Rausser, Gordon C. and Stevens, Reid, Public-Private Partnerships: Goods and the Structure of Contracts. Annual Review of Resource Economics, Vol. 1, No. 1, pp. 75-98, 2009, Available at SSRN: https://ssrn.com/abstract=1602743 or http://dx.doi.org/10.1146/annurev.resource.050708.144233

Gordon C. Rausser (Contact Author)

University of California, Berkeley - Department of Agricultural and Resource Economics ( email )

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Reid Stevens

University of California, Berkeley ( email )

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Berkeley, CA 94720
United States

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