Program
Subjects
Works
Book Types
Back to issue
Cover of: Owner or Holder? A Critical Study of Property Rights in Public Services
Claudine Desrieux

Owner or Holder? A Critical Study of Property Rights in Public Services

Section: Article
Volume 165 (2009) / Issue 2, pp. 230-249 (20)
Published 09.07.2018
DOI 10.1628/093245609789273259
  • article PDF
  • available
  • 10.1628/093245609789273259
Due to a system change, access problems and other issues may occur. We are working with urgency on a solution. We apologise for any inconvenience.
Summary
This paper deals with efficient organizational choices for the provision of public services. To better apprehend observed contracts of public-private partnerships, we depart from the property -rights literature to distinguish between ownership, rights to make residual decisions, and rights to receive residual benefits. Indeed, such rights can be temporarily transferred to a private firm, even if ownership of the assets remains public. Hence, such a separation makes it possible to analyse the large continuum of contracts from full private to full public management. Our results show that there is always a degree of private involvement that is socially efficient.