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022 _a01446193
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD9715. A1 CON
100 1 _aChang Chen-Yu
_eauthor
245 1 2 _aA critical review of the application of TCE in the interpretation of risk allocation in PPP contracts
_ccreated by Chen-Yu Chang
264 1 _aAbingdon:
_bTaylor and Francis,
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aConstruction Management and Economics
_vVolume31, number 1-3
520 3 _aAlong 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.
650 _aApplication of TCE
_vInterpretation of risk
_xAllocation in PPP contracts
856 _u10.1080/01446193.2012.726365.
942 _2lcc
_cJA
999 _c165717
_d165717