From fixed to state-dependent duration in public-private partnerships
- Journal of Economics & Management Strategy
- Daniel Danau and Annalisa Vinella
- 2017
✴︎ Available only with purchase from publisher “A government delegates a build-operate-transfer project to a private firm. In the contracting stage, the operating cost is unknown. The firm can increase the likelihood of facing a low cost, rather than a high cost, by exerting costly…