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Does the mixed company model provide value for money? an analysis of different local infrastructure sectors

da Cruz, Nuno F. and Marques, Rui Cunha (2011) Does the mixed company model provide value for money? an analysis of different local infrastructure sectors. . Universitat de Barcelona, Barcelona, Spain.

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Abstract

This paper looks at the use of institutionalised public‐private partnership (PPP) arrangements by local governments for the delivery of different types of infrastructure. It starts by analysing the mixed company model from a theoretical point of view, in particular the potential for internal regulation and the achievement of relational agreements. Then, after discussing the practicalities of crafting this type of governance structure, the examination of four Portuguese case‐studies is provided. The empirical evidence on mixed companies operating in the water, waste, transportation and education sectors shows that the extreme complexity involved in the whole life‐cycle management of these companies, usually leads to poor outcomes from a social welfare point of view.

Item Type: Monograph (Working Paper)
Official URL: http://www.ub.edu/catedramaragall/
Additional Information: © 2011 The Authors
Divisions: LSE Cities
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: H - Public Economics > H1 - Structure and Scope of Government > H11 - Structure, Scope, and Performance of Government
L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L32 - Public Enterprises
L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L97 - Utilities: General
Sets: Research centres and groups > LSE Cities (Cities Programme)
Date Deposited: 15 Oct 2014 13:34
Last Modified: 22 Feb 2019 00:04
URI: http://eprints.lse.ac.uk/id/eprint/59799

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