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Public-Private Partnerships as Collaborative Projects: Testing the Theory on Cases from EU and Russia

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  • Dmitri Vinogradov
  • Elena Shadrina

Abstract

How do public-private partnerships (PPPs) differ from traditional public procurement and what role should governments play in them? This article views PPPs as collaborative projects with imperfect information between parties. Typical public procurement contracts tackle asymmetric information problems yet limit feasibility of projects: some are not profitable enough to ensure private party participation. Partnership improves feasibility; this justifies PPPs as a form of public good provision and demonstrates how they differ from procurement. Four UK and Russian cases of PPP projects are analyzed within the above framework, focusing on types of contracts, contributions of both partners, and specific partnership elements.

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  • Dmitri Vinogradov & Elena Shadrina, 2018. "Public-Private Partnerships as Collaborative Projects: Testing the Theory on Cases from EU and Russia," International Journal of Public Administration, Taylor & Francis Journals, vol. 41(5-6), pages 446-459, April.
    • Handle: RePEc:taf:lpadxx:v:41:y:2018:i:5-6:p:446-459
    DOI: 10.1080/01900692.2018.1426012
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