CONTRACTING AND TRANSACTION COSTS IN THE PUBLIC-PRIVATE PARTNERSHIP. A CONCEPTION IN THE LIGHT OF THE NEW INSTITUTIONAL ECONOMY (Kontraktowanie i koszty transakcyjne w partnerstwie publiczno-prywatnym. Ujecie w swietle nowej ekonomii instytucjonalnej

• Authors: Rojewski Leslaw
• Languages of publication: PL

Abstracts

EN

Public-private partnership (PPP) is one of the methods of financing and satisfying the public needs, while limiting the public sector's role to an indispensable minimum. Prior to making decision on carrying out a public task by the PPP method, the public sector is due to prove higher effectiveness of this method compared to the traditional financing method. The necessary process of long-lasting analyses and negotiations can lead to generation of transaction costs higher than in the case of the traditional model of financing. Till now, in the pertinent literature little attention has been paid to transactional costs related to the establishment and maintenance of the public-private partnership; hence the attempt at revealing the determinants of transactional costs inherent in the contracts realized under the PPP formula.

Keywords

EN

PUBLIC PRIVATE PARTNERSHIP; TRANSACTION COSTS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2008
• Issue: 21
• Pages: 45-63
• Document type: ARTICLE

Contributors

author

Rojewski Leslaw

• Leslaw Rojewski, c/o Instytut Nauk Ekonomicznych PAN, ul. Nowy Swiat 72, 00-330 Warszawa, Poland

Identifiers

CEJSH db identifier

09PLAAAA05743