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How (Not) to Foster Innovations in Public Infrastructure Projects*
Scandinavian Journal of Economics ( IF 1.109 ) Pub Date : 2019-08-19 , DOI: 10.1111/sjoe.12393
Eva I. Hoppe 1 , Patrick W. Schmitz 2
Affiliation  

The government wants an infrastructure‐based public service to be provided. First, the infrastructure has to be built; subsequently, it has to be operated. Should the government bundle the building and operating tasks in a public–private partnership? Or should it choose traditional procurement (i.e., delegate the tasks to different firms)? Each task entails unobservable investments to come up with innovations. It turns out that, depending on the nature of the innovations, bundling can either stimulate or discourage investments. Moreover, we find that if renegotiation cannot be prevented, public–private partnerships might lead the government to deliberately opt for technologically inferior projects.

中文翻译:

如何(不)促进公共基础设施项目中的创新*

政府希望提供基于基础设施的公共服务。首先,必须建立基础架构;随后,必须对其进行操作。政府是否应将公共和私人伙伴关系中的建设和运营任务捆绑在一起?还是应该选择传统采购(即将任务委托给不同的公司)?每个任务都需要大量投资才能进行创新。事实证明,根据创新的性质,捆绑可以刺激或阻碍投资。此外,我们发现,如果无法阻止重新谈判,则公私伙伴关系可能会导致政府故意选择技术上较差的项目。
更新日期:2019-08-19
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