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PMM11-02_Ferreira.pdf (1.42 MB)

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Working paper

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2011

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cc-by-nc-nd, (c) Cruz, Nuno Ferreira et al., 2011
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/67766

Does the mixed company model provide value for money? An analysis of different local infrastucture sectors

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Abstract

This paper looks at the use of institutionalised public‐private partnership (PPP) arrangements by local governments for the delivery of different types of infrastructure. It starts by analysing the mixed company model from a theoretical point of view, in particular the potential for internal regulation and the achievement of relational agreements. Then, after discussing the practicalities of crafting this type of governance structure, the examination of four Portuguese case‐studies is provided. The empirical evidence on mixed companies operating in the water, waste, transportation and education sectors shows that the extreme complexity involved in the whole life‐cycle management of these companies, usually leads to poor outcomes from a social welfare point of view.

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Infraestructura (Economia), Concessions administratives, Empreses públiques

Subject (English)

Infrastructure (Economics), Concessions, Government business enterprises

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Documents de Treball (Càtedra Pasqual Maragall d'Economia i Territori)

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CRUZ, Nuno Ferreira da and MARQUES, Rui Cunha. Does the mixed company model provide value for money? An analysis of different local infrastucture sectors. Càtedra Pasqual Maragall d'Economia i Territori – Documents de treball. WP 02/2011. [consulted: 19 of August of 2026]. Available at: https://hdl.handle.net/2445/67766

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