caa a22 4500 467930309 CHVBK 20180406152941.0 cr unu---uuuuu 170328e20060901xx s 000 0 eng 10.1007/s11151-006-9110-z doi (NATIONALLICENCE)springer-10.1007/s11151-006-9110-z Delegation of Contracting in the Private Provision of Public Services [Elektronische Daten] [John Bennett, Elisabetta Iossa] We use an incomplete-contract approach to compare contracting out by a public sector agency with the delegation of contracting out to a public-private partnership (PPP) that is a joint venture between private and public sector agents. The PPP maximizes a linear combination of profit and social benefit. Such delegation may be desirable to curb innovations that reduce the cost of provision but also reduce social benefit. Delegation may be undesirable for innovations that increase social benefit but also raise costs. Our results are explained in terms of the shadow cost of public funds and the negotiating stance of the PPP. Springer, 2006 delegation nationallicence Private Finance Initiative nationallicence public private partnership nationallicence public service provision nationallicence Bennett John Centre for Economic Development and Institutions, Brunel University, UB8 3PH, Uxbridge, Middlesex, UK aut Iossa Elisabetta Brunel Business School, Brunel University, UB8 3PH, Uxbridge, Middlesex, UK aut Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 29/1-2(2006-09-01), 75-92 0889-938X 29:1-2<75 2006 29 11151 https://doi.org/10.1007/s11151-006-9110-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11151-006-9110-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bennett John Centre for Economic Development and Institutions, Brunel University, UB8 3PH, Uxbridge, Middlesex, UK aut NATIONALLICENCE 700 1- Iossa Elisabetta Brunel Business School, Brunel University, UB8 3PH, Uxbridge, Middlesex, UK aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 29/1-2(2006-09-01), 75-92 0889-938X 29:1-2<75 2006 29 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer