Private finance

Jenkinson, Tim (2003) Private finance. Oxford Review of Economic Policy, 19 (2). pp. 323-334.

Abstract

This paper considers the arguments for and against private‐sector financing—as opposed to operational management—of public services. Under certain conditions the costs of public and private finance will be similar, but these conditions are unlikely to hold for many public services. Using examples from the UK, we show how decisions to introduce private financing are often political, with little economic rationale.

Item Type: Article
Keywords: public–private partnerships; administration; transaction costs; rules for government
Subject(s): Private equity
Finance
Centre: Oxford Private Equity Institute
Faculty of Finance
Date Deposited: 03 Jan 2012 14:48
Last Modified: 23 Oct 2015 14:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/1375

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