Research Summary: Private correctional firms are political actors. They work to create favorable conditions to market their services. At the same time, they are constrained by external political forces, including political parties, social movements, and public opinion. This article reviews what we know about the reciprocal relationship between the private...
In this work, I address foundational concerns at the interface of institutions, governance structure, transaction costs, and efficiency in public-private contracting. Following transaction cost economic perspective, I build and justify the theoretical models explaining that institutions may affect the economic performance of public-private contracting through the effect of transaction costs....
As the traffic demand increases at a faster rate than the upgrade and maintenance of
transportation facilities through the traditional public financing methods in the United
States, the Public-Private Partnership (PPP) is becoming an important supplement to
the public transportation infrastructure investment. There are already several existing
PPP toll road...