Incomplete Contracts and Public Ownership: Remarks, and an Application to Public‐Private Partnerships
讨论先进资本主义经济中公私企业边界的决定因素，评述私有化理论与不完全合同理论的关系，并基于这些理论初步构建公私合作制模型。
The question of what should determine the boundaries between public and private firms in an advanced capitalist economy is a highly topical one. In this paper I discuss some recent theoretical thinking on this issue. I divide the paper into two parts. First, I make some general remarks about the relationship between the theoretical literature of privatization and incomplete contracting theories of the firm. Second, I use some of the ideas from this literature to develop a very preliminary model of public-private partnerships.