Further Publications

Trust and transaction costs in public–private partnerships

theoretical reflections and empirical findings

FÖV-Pfeil als Ersatz für ein Coverbild
Further Publications In: Public Money and Management 42, S. 284-290.

The number of public–private partnerships (PPP) is on the rise. The authors analyse empirical evidence (including outcomes from interviews and a survey of civil servants in Germany), about the importance of transaction costs and trust in PPP implementation and performance. The paper makes an important contribution to the literature by reflecting on trust relations in PPPs, as well as providing empirical evidence for higher transaction costs in PPPs, compared to entirely public sector provision.