Public-Private Cooperation for Infrastructure Development

19 Pages Posted: 23 Jul 2012

See all articles by Giuseppe Cappiello

Giuseppe Cappiello

Università di Bologna - Department of Management

Paola Garrone

Politecnico di Milano

Paolo Nardi

Bocconi University - CERTeT - Centre for Research on Regional Economics, Transport and Tourism; Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale

Lucia Piscitello

Politecnico di Milano - Dipartimento di Ingegneria gestionale

Date Written: July 16, 2012

Abstract

Relying both on TC and RBV, we argue that cooperation with public actors allows firms to access the key resources for designing and locating infrastructure facilities and, at the same time, to mitigate information costs and the risks of opportunistic behaviour. Our model has been tested through a survey analysis involving 83 managers from Italian local transport and water utilities. Preliminary descriptive statistics confirm that benefits stemming from cooperation refer to the opportunity to: (i) close the capability gap, i.e. to acquire knowledge on the most uncertain elements of the infrastructure project; (ii) reduce transaction costs, i.e. to strengthen the project governance and to increase the public acceptance of facilities.

Keywords: transaction costs, resource-based view, public-private cooperation, infrastructure

JEL Classification: L9, R53, H54

Suggested Citation

Cappiello, Giuseppe and Garrone, Paola and Nardi, Paolo and Piscitello, Lucia, Public-Private Cooperation for Infrastructure Development (July 16, 2012). Available at SSRN: https://ssrn.com/abstract=2109504 or http://dx.doi.org/10.2139/ssrn.2109504

Giuseppe Cappiello

Università di Bologna - Department of Management ( email )

Via Capo di Lucca 34
Bologna, 40126
Italy
+39 051 2098090 (Phone)

HOME PAGE: http://www.unibo.it/SitoWebDocente/default.htm?mat=036984

Paola Garrone (Contact Author)

Politecnico di Milano ( email )

piazza Leonardo da Vinci 32
Milano, 20133
Italy
+39-02-23992742 (Phone)

Paolo Nardi

Bocconi University - CERTeT - Centre for Research on Regional Economics, Transport and Tourism ( email )

Via Roentgen 1
Milan, 20144
Italy
+390258362461 (Phone)
+390258366612 (Fax)

Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale ( email )

Piazza Leonardo da Vinci, 32
Milano, 20133
Italy
+390223993965 (Phone)

Lucia Piscitello

Politecnico di Milano - Dipartimento di Ingegneria gestionale ( email )

20113 Milan, Milano
Italy

HOME PAGE: http://www.dig.polimi.it/eng/comunita/cl.php?id=51

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