Abstract
Public-private partnership (PPP) arrangements have emerged all around the world as a response to infrastructure deficits and the need to refurbish existing infrastructure. There is no unique and clear definition of PPP, but it is possible to summarize it as a procurement model for the provision of infrastructure and/or public services. The public and private sectors engage in a contractual, or institutional, relation to ensure that a certain infrastructure and/or service is available to citizens.
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Notes
- 1.
Competition in infrastructure provision might be categorized into competition for the field and competition in the field, as discussed in Demsetz (1968a).
- 2.
In the years 2011 and 2012, there was a crisis affecting the sovereign debt of some European countries that may jeopardize this statement. Nevertheless, this should be seen as an extraordinary event.
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Cruz, C.O., Marques, R.C. (2013). Introduction. In: Infrastructure Public-Private Partnerships. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-36910-0_1
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DOI: https://doi.org/10.1007/978-3-642-36910-0_1
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