Discount Rates for the Evaluation of Public Private Partnerships (Queen's Policy Studies Series, 137) (Volume 137) - Softcover

Burgess, David; Jenkins, Glenn P.

Softcover

ISBN 10: 1553391632 ISBN 13: 9781553391630

Publisher: Queen's Policy Studies, 2010

Synopsis

During the 1990s the world saw an unprecedented use of public-private partnerships for the delivery of public services, many of which succeeded in improving the efficiency of the delivery of public services. At the same time, the capital market shocks since the late 1990s and over-optimistic ex ante projections have caused many of these arrangements to either fail or require renegotiation. For others, the returns that the private sector partners have received are far above what would normally be considered the cost of capital for comparable public sector investments.

This experience has spurred policy makers to demand that a comparison be made between the public and private provision of services to determine the overall value for money of public-private partnership ventures. A central question that must be answered before such a comparison can be made is the appropriate cost of capital or discount rate to use in both of these situations. The essays in this book address these issues directly and provide the latest views on this topic.

Contributors include Donald Brean (University of Toronto), David Burgess (University of Western Ontario), Graham Glenday (Duke University), Arnold C. Harberger (UCLA), Glenn Jenkins (Queen's University), Chun-Yan Kuo (Queen's University), Mark Moore (Simon Fraser University), Christopher Shugart (independent), Michael Spackman (NERA), and Peter Spiro (Treasury of Ontario).

About this title

About the Author

David F. Burgess is emeritus professor of economics, University of Western Ontario. Glenn P. Jenkins is professor of economics at Queen's University, Eastern Mediterranean University, Cyprus, and Institute Fellow Emeritus, Harvard University.

From the Back Cover

Series Editor: Kim Richard Nossal

The School of Policy Studies is a premier publisher of policy related material in Canada. Its publication program includes the research work of the School, the John Deutsch Institute for the Study of Economic Policy, the Institute of Intergovernmental Relations and the following sub-series: Canada: The State of the Federation, Migration and Diversity: Comparative Issues and International Comparisons. The School has its own high-quality publishing system.

Publications are distributed by McGill-Queen's University Press.

Edition details

• Publisher: Queen's Policy Studies
• Publication date: 2010
• Language: English
• ISBN 10: 1553391632
• ISBN 13: 9781553391630
• Binding: Paperback
• Edition number: 1
• Number of pages: 338