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IR15-018_Albalate-Bel.pdf (585.51 KB)

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Working paper

Publication date

2015

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cc-by-nc-nd, (c) Albalate et al., 2015
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/66929

Strong versus Weak Vertical Integration: Contractual Choice and PPPs in the United States

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Abstract

Public-Private-Partnerships are long-term, relational contracts between a public-sector sponsor and a private partner to deliver infrastructure projects across a range of economic sectors. Efficiency gains may derive from risk transfer and bundling different tasks within a single contract. We study the factors explaining the scope of bundling. We focus on the choice between weak vertical integration, which includes operational tasks alone or construction tasks alone, versus strong vertical integration, which involves the combination of operational and construction tasks. We utilize a new data set that includes 553 PPPs concluded in the U.S. between 1985 and 2013.

Subject

Integració vertical, Privatització, Empreses públiques, Cooperació empresarial, Projecte d'empresa

Subject (English)

Vertical Integration, Privatization, Government business enterprises, Enterprise cooperation, Business planning

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Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citation

ALBALATE, Daniel, BEL I QUERALT, Germà and GEDDES, R. Richard. Strong versus Weak Vertical Integration: Contractual Choice and PPPs in the United States. IREA – Working Papers. 2015. Vol.  IR15/18. ISSN 2014-1254. [consulted: 17 of August of 2026]. Available at: https://hdl.handle.net/2445/66929

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