What triggers public-private partnership (PPP) renegotiations in the United States?

被引：17

作者：

Gifford, Jonathan L. ^{[1
]}

Bolanos, Lisardo A.

Daito, Nobuhiko ^{[1
,2
]}

Casady, Carter B. ^{[1
,3
,4
]}

机构：

[1] George Mason Univ, Ctr Transportat Publ Private Partnership Policy, Schar Sch Policy & Govt, Fairfax, VA 22030 USA

[2] World Bank, Washington, DC USA

[3] Stanford Univ, Ctr Sustainable Dev & Global Competitiveness, Stanford, CA USA

[4] Univ Coll London UCL, Bartlett Sch Sustainable Construct, London, England

来源：

PUBLIC MANAGEMENT REVIEW | 2024年 / 26卷 / 06期

关键词：

public-private partnerships (PPPs); renegotiations; transportation; United States; infrastructure; INCOMPLETE CONTRACTS; CONCESSION CONTRACTS; LATIN-AMERICA; FISHER BODY; INFRASTRUCTURE; LESSONS; HIGHWAYS; FINANCE; POLICY; COSTS;

D O I：

10.1080/14719037.2023.2200404

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Public-private partnership (PPP) renegotiations and their outcomes have been studied extensively in Latin America and Europe but not in the United States. Therefore, this study evaluates factors triggering U.S. PPP renegotiations by examining six highway PPPs located in California (2), Indiana (1), and Virginia (3). The findings suggest exogenous macroeconomic shocks, project and political complexity, and institutional inexperience are the most compelling triggers behind U.S. PPP renegotiations. These findings also highlight America's distinct political and institutional environment - i.e. favourable to buy-outs as well as debt restructuring via bankruptcy - as a possible explanation for the absence of opportunism among U.S. PPP renegotiations.

引用

页码：1583 / 1609

页数：27

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