Journal article
Public-Private Partnership Contractual Design: A Computational Model of the Moral Hazard with Lotteries
Abstract
Public-Private Partnership (PPP) is a new model of public management which consists of the contractual relationship between public and private entities. In particular, PPPs enable risk share between public and private sectors making the asymmetric information problem in a contractual arrangement more evident. The aim of this paper was to study a moral hazard problem applied to PPP contracts. To achieve this objective, a PPP computational …
Authors
Fernandez RN; Saulo H; Carraro A; Tourrucôo F; Hillbrecht R
Journal
Public Organization Review, Vol. 18, No. 1, pp. 39–51
Publisher
Springer Nature
Publication Date
March 2018
DOI
10.1007/s11115-016-0359-x
ISSN
1566-7170