000			01326nam a2200157 4500
999			_c509512 _d509512
008			190513b ||||| |||| 00| 0 eng d
100			_aO'Nolan, Gerald _95439
245			_aThe nature of contracting hazards in public-private partnerships- evidence from Ireland
260			_c2018
300			_ap.1205-1216.
520			_aThe use of public–private partnerships (PPP) for the procurement of infrastructure and related services can be a complex and challenging process. This article adopts a transaction cost regulation perspective to examine two PPP cases from Ireland that encountered significant obstacles to successful procurement. It finds that both procurements met hazards including uncertainty about the viability of the bids and opportunistic behavior by preferred bidders that held quasi-monopoly positions. The public nature of both cases provided a fertile ground for opportunistic behavior by political opponents and other “interested” parties. The analysis shows how the governance of PPPs is shaped by the attributes of the transactions and the interaction of economic and political hazards that create transaction costs. - Reproduced.
700			_aReeves, Eoin _95440
773			_aInternational Journal of Public Administration
906			_aPublic Private Partnership - Ireland
942			_2ddc _cAR