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Cost-Benefit Analysis: Concepts and Practice
Part I: Overview 1. Introduction to Cost-Benefit Analysis 2. Conceptual Foundations of Cost-Benefit Analysis Part II: Fundamentals of Cost-Benefit Analysis 3. Basic Microeconomic Foundations ofExpand
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Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises
THE property rights theory of the firm suggests that public enterprises should perform less efficiently and less profitably than private enterprises. However, the existing empirical evidence actuallyExpand
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“Just give me a number!” Practical values for the social discount rate
A major reason the quality of cost-benefit analysis (CBA) varies widely is inconsistent use of the social discount rate (SDR). This article offers guidance about the choice of the SDR. Namely, weExpand
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Ownership versus competition: Efficiency in public enterprise
ConclusionCertainly the introduction of product market competition into potentially competitive or, at least contestable, markets can improve performance. To take just one example, Morrison andExpand
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Public—Private Partnerships
This article provides eight rules for government concerning the administration of public—private partnerships (P3s). The basis for these rules draws on transaction cost economics. First, however, theExpand
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Public‐private partnerships in Canada: Theory and evidence
Abstract: This article develops some theory on and examines the implementation and performance of Canadian public-private partnerships (P3s). It focuses primarily on infrastructure projects andExpand
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The role of agency costs in explaining the superior performance of foreign MNE subsidiaries
Many studies find that foreign subsidiaries of multi-national enterprises are more profitable or more productive than firms that operate exclusively in a single domestic market or that produce in andExpand
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The Political Economy of Public�?Private Partnerships and Analysis of Their Social Value
This article applies political economy theory to public‐private partnerships (PPPs). First, we propose that social welfare is the appropriate normative evaluation criterion to evaluate the socialExpand
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Public–private partnerships in the US and Canada: “There are no free lunches”1
Abstract Governments in many industrialized nations have made concerted efforts to reduce their immediate expenditures and to reduce the cost of major infrastructure projects. Public–privateExpand
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