Public and Private Sector Discount Rates in Public-Private Partnerships  

Oleh:

Grout, Paul A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 113 no. 486 (2003), page C62-C68.
Topik: public; public; private sector; discount rates; partnerships
Fulltext: C62.pdf (66.04KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Whether public sector projects should be discounted at a lower rate than private sector projects is highly contentious. This paper assesses the appropriate private and public sector discount rates in the context of public private partnerships. It shows that there are powerful arguments for using a higher rate to discount private projects than public sector projects and that failure to recognise this may lead to excessive reliance on public provision. However, the reason for the divergence is not related to the conventional incomplete market arguments in the literature. The results may have far broader implications for private sector involvement in public services.

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