“Recently in the U.S., Public-Private Partnerships (P3) have been increasingly utilized as a mechanism for closing the gap between revenues and expenditures in transportation mega-projects, however public perception remains a major challenge to successful utilization. Recent projects have run into issues with public perception particularly where non-compete provisions are utilized. The conventional wisdom is that non-compete provisions in public-private partnership contracts are a zero-sum game, in which the losses of one party directly balance the gains of the other. However, the design and selection of non-compete provisions can be such that the objectives of the public and private sectors are aligned. This study examines the non-compete provisions in P3 contracts in the US to date and the associated risk. Real options analysis is then utilized to value the flexibility lost to non-compete provisions. The SR 91 Express Lanes in California is used as a case study to illustrate this method.”
✴︎ Available only with purchase from publisher “The intensification of cross-sector collaboration phenomena has occurred in multiple fields of action. Organizations in the private, public, and social sectors are working together to tackle society’s most wicked problems. Some success has resulted in a generalized belief…
✴︎ Available with free registration “The concept of public-private partnership (PPP) in higher education is clarified in the article as a mechanism for the formation of the human capital added value. PPP is considered as a set of organizational forms of long-term economic relations between state…
“Private capital has become a significant feature of infrastructure public-private partnerships (PPPs) on the premise that it incentivizes diligent risk management among private partners. This paper evaluates this claim by examining the PPP programme in Ontario, Canada, where the amount of long-term private capital in…
“Social impact bonds, a recent innovation in social finance, are designed to harness capital and knowledge from private nonprofit, for‐profit, and public entities to address pressing social problems. Although there is great policy interest in understanding how social impact bonds can be used to tackle…
“The public-private food assistance system (PPFAS) emerged during the 1970s to address ‘emergency’ food needs and has since grown into a regularized social welfare system of grocery and meal provision and related program delivery, realized through the collective efforts of organizations and individuals. We explore…
“The public pays for and provides an incredible amount of data to governments and companies. Yet much of the value of this data is being wasted, remaining in silos rather than being shared to enhance the common good—whether it’s helping governments to stop opioid addiction…
“In our latest City Accelerator guide, ‘Resilience, Equity, and Innovation,’ we share the tools and processes four cities, Pittsburgh, Saint Paul, San Francisco and Washington D.C., explored in an effort to increase equity and fund infrastructure. With new approaches to managing public resources, these cities…
“It’s still early days for governments experimenting with pay-for-success (PFS) projects, in which governments ask private funders to foot the bill for social programs, and then agree to repay those funders if the programs achieve agreed-on results. As public budgets tighten and social challenges remain…
“From climate change to terrorism, the difficulties confronting policy makers are unprecedented in their variety, but also in their complexity. Our existing policy tool kit seems stale and outdated. Increasingly, it is clear, we need not only new solutions but also new methods for arriving…
“To mitigate negative impacts and anticipate opportunities arising from high levels of global migration, we need a better understanding of the various factors contributing to the international movement of people and how they work together. Data—specifically, the widely dispersed data sets that exist across governments,…