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Incentive mechanism of government overcommitment in PPPs based on investors’ fairness preference

In public-private partnerships (PPPs), governments sometimes may not afford the guarantees in full as initially agreed upon due to limited fiscal budgets. Accordingly, government overcommitment can occur. The degree of government overcommitment fulfillment affects not only the incentives provided b...

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Principais autores: Qi Luo, Jicai Liu
Format: Artigo
Sprog:Inglês
Udgivet: Vilnius Gediminas Technical University 2024-03-01
Serier:International Journal of Strategic Property Management
Fag:
public-private partnerships (PPPs)
government overcommitment
incentive mechanism
fairness preference
willingness to cooperate
Online adgang:https://transport.vgtu.lt/index.php/IJSPM/article/view/21028
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