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Abstract This study investigates the influence of market structures on Public-Private-Partnership (PPP) utility concession pricing. The private firm's cost and the government's public-management cost, and redundancy risk in the separation… Click to show full abstract
Abstract This study investigates the influence of market structures on Public-Private-Partnership (PPP) utility concession pricing. The private firm's cost and the government's public-management cost, and redundancy risk in the separation scenario, are considered by modeling concession pricing. The results suggest that the effect of the firm's cost is similar under the integrated and separated structures. Redundancy risk increases service prices and may decrease government subsidies. The findings suggest that vertical separation may help control public-management costs under PPPs.
Journal Title: Utilities Policy
Year Published: 2021
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