A critical review of the application of TCE in the interpretation of risk allocation in PPP contracts created by Chen-Yu Chang

By:

Chang Chen-Yu [author]

Material type: Text

TextSeries: Construction Management and Economics ; Volume31, number 1-3Abingdon: Taylor and Francis, 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

01446193

Subject(s):

Application of TCE -- Interpretation of risk -- Allocation in PPP contracts

LOC classification:

HD9715. A1 CON

Online resources:

Click here to access online

Abstract: Along with the rise of public–private partnerships (PPPs) as a mainstream procurement system, we have seen a growing interest in studies of risk allocation in these projects. One of the serious academic endeavours is to apply both transaction cost economics (TCE) and the resource-based view (RBV) to explain risk allocation patterns found in PPP projects. The existing literature along these lines is deficient in three aspects: inappropriate choice of unit of analysis; poor specification of governance structure; and misinterpretation of asset specificity. A way for improvement is to analyse risk allocation in the context of PPP procurement in its entirety.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HD9715.A1 CON (Browse shelf(Opens below))	Vol. 31, no. 1-3 (pages 99-103)	SP18034	Not for loan	For in house use

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Along with the rise of public–private partnerships (PPPs) as a mainstream procurement system, we have seen a growing interest in studies of risk allocation in these projects. One of the serious academic endeavours is to apply both transaction cost economics (TCE) and the resource-based view (RBV) to explain risk allocation patterns found in PPP projects. The existing literature along these lines is deficient in three aspects: inappropriate choice of unit of analysis; poor specification of governance structure; and misinterpretation of asset specificity. A way for improvement is to analyse risk allocation in the context of PPP procurement in its entirety.

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