The Political Economy of Public�?Private Partnerships and Analysis of Their Social Value

@article{Boardman2012ThePE,
  title={The Political Economy of Public�?Private Partnerships and Analysis of Their Social Value},
  author={A. Boardman and A. Vining},
  journal={Wiley-Blackwell: Annals of Public & Cooperative Economics},
  year={2012}
}
  • A. Boardman, A. Vining
  • Published 2012
  • Economics
  • Wiley-Blackwell: Annals of Public & Cooperative Economics
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 social value of PPPs. Second, we specify the goals of PPP participants, including private‐sector partners and governments. Third, we review the observed outcomes of PPPs and analyze them from both a political economy perspective and a social welfare perspective. Fourth, based on a comparison of the actual… Expand
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