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Article

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Accepted version

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2019-06

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cc-by-nc-nd (c) Elsevier Ltd, 2019
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/134422

Politics, risk, and white elephants in infrastructure PPPs

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https://doi.org/10.1016/j.jup.2019.05.001

Abstract

Theoretical research on cooperation between public and private partners in infrastructure projects suggests that they can be a tool for preventing white elephants. However, various case studies suggest that actual outcomes are largely dependent on the effective transfer of operational risk to the private partner. This paper explores policy and planning dysfunction, and the idea that private entities that participate in public-private partnerships (PPPs) with no substantial risk transfer, and under heavily subsidized schemes, may engage in lobbying and exert pressure to develop white elephant projects.

Subject

Risc (Economia), Variables (Matemàtica), Tàctiques polítiques

Subject (English)

Risk, Variables (Mathematics), Practical politics

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Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

Citation

ALBALATE, Daniel, BEL I QUERALT, Germà and GRAGERA LLADÓ, Albert. Politics, risk, and white elephants in infrastructure PPPs. Utilities Policy. 2019. Vol. 58, num. June, pags. 158-165. ISSN 0957-1787. [consulted: 14 of August of 2026]. Available at: https://hdl.handle.net/2445/134422

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