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dc.contributor.authorAlbalate, Daniel, 1980--
dc.contributor.authorBel i Queralt, Germà, 1963--
dc.contributor.authorGeddes, R. Richard-
dc.description.abstractWe use an ordered logistic model to empirically examine the factors that explain varying degrees of private involvement in the U.S. water sector through public-private partnerships. Our estimates suggest that a variety of factors help explain greater private participation in this sector. We find that the risk to private participants regarding cost recovery is an important driver of private participation. The relative cost of labor is also a key factor in determining the degree of private involvement in the contract choice. When public wages are high relative to private wages, private participation is viewed as a source of cost savings. We thus find two main drivers of greater private involvement: one encouraging private participation by reducing risk, and another encouraging government to seek out private participation in lowering costs.-
dc.format.extent33 p.-
dc.publisherUniversitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública-
dc.relation.isformatofReproducció del document publicat a:
dc.relation.ispartofIREA – Working Papers, 2012, IR12/22-
dc.relation.ispartofseries[WP E-IR12/22]-
dc.rightscc-by-nc-nd, (c) Albalate et al., 2012-
dc.subject.classificationPolítica hidràulica-
dc.subject.classificationContractació externa-
dc.subject.classificationPolítica de despeses públiques-
dc.subject.otherWater politics-
dc.subject.otherContracting out-
dc.subject.otherGovernment spending policy-
dc.titleRecovery Risk and Labor Costs in Public-Private Partnerships : Contractual Choice in the US Water industry-
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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