Incomplete Contracts and Public Ownership
Remarks, and an Application to Public‐Private Partnerships
Bibliographic Data
| ID | 9710682 |
|---|---|
| Authors | Oliver Hart (0000-0002-5391-7483, Harvard University, corresponding author) |
| Year | 2003 |
| Volume | 113 |
| Issue | 486 |
| Pages | C69-C76 |
| Publication date | 2003-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00119 |
| OpenAlex | W3123463677 |
| Language | EN |
| Citations received | 64 |
| References cited | 7 |
The question of what should determine the boundaries between public and private firms in an advanced capitalist economy is a highly topical one. In this paper I discuss some recent theoretical thinking on this issue. I divide the paper into two parts. First, I make some general remarks about the relationship between the theoretical literature on privatisation and incomplete contracting theories of the firm. Second, I use some of the ideas from this literature to develop a very preliminary model of public-private partnerships. Copyright Royal Economic Society 2003
Business · Economics · Incentive · Incomplete contracts · Market economy · Mixed economy · Public economics · Public ownership · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization · Public-Private Partnership Projects
Public–Private Partnerships
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| Unique citing works | 64 |
|---|---|
| Citations per year | 2,91 |
| Citation span | 2004 - 2025 (22) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 64 |