Owner or Holder? A Critical Study of Property Rights in Public Services - 10.1628/093245609789273259 - Mohr Siebeck
Economics

Claudine Desrieux

Owner or Holder? A Critical Study of Property Rights in Public Services

Volume 165 () / Issue 2, pp. 230-249 (20)

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This paper deals with efficient organizational choices for the provision of public services. To better apprehend observed contracts of public-private partnerships, we depart from the property -rights literature to distinguish between ownership, rights to make residual decisions, and rights to receive residual benefits. Indeed, such rights can be temporarily transferred to a private firm, even if ownership of the assets remains public. Hence, such a separation makes it possible to analyse the large continuum of contracts from full private to full public management. Our results show that there is always a degree of private involvement that is socially efficient.
Authors/Editors

Claudine Desrieux No current data available.