{"id":"https://openalex.org/W3209075415","doi":"https://doi.org/10.1080/01446193.2021.1974503","title":"The combined effect of marginal social and private benefit on the socially optimal equity structure of PPP projects","display_name":"The combined effect of marginal social and private benefit on the socially optimal equity structure of PPP projects","publication_year":2021,"publication_date":"2021-10-03","ids":{"openalex":"https://openalex.org/W3209075415","doi":"https://doi.org/10.1080/01446193.2021.1974503","mag":"3209075415"},"language":"en","primary_location":{"id":"doi:10.1080/01446193.2021.1974503","doi":"https://doi.org/10.1080/01446193.2021.1974503","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01446193.2021.1974503","pdf_url":null,"source":{"id":"https://openalex.org/S128059648","display_name":"Construction Management and Economics","issn_l":"0144-6193","issn":["0144-6193","1466-433X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Construction Management and Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5002735860","display_name":"Yujia He","orcid":"https://orcid.org/0000-0002-6779-4752","observed_orcids":["https://orcid.org/0000-0002-6779-4752"]},"institutions":[{"id":"https://openalex.org/I27357992","display_name":"Dalian University of Technology","ror":"https://ror.org/023hj5876","country_code":"CN","type":"education","lineage":["https://openalex.org/I27357992"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yujia He","raw_affiliation_strings":["Department of Construction Management, Dalian University of Technology, Dalian, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Construction Management, Dalian University of Technology, Dalian, China","institution_ids":["https://openalex.org/I27357992"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5004301846","display_name":"Lei Shi","orcid":"https://orcid.org/0000-0002-7226-5767","observed_orcids":["https://orcid.org/0000-0002-7226-5767"]},"institutions":[{"id":"https://openalex.org/I27357992","display_name":"Dalian University of Technology","ror":"https://ror.org/023hj5876","country_code":"CN","type":"education","lineage":["https://openalex.org/I27357992"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Lei Shi","raw_affiliation_strings":["Department of Construction Management, Dalian University of Technology, Dalian, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Construction Management, Dalian University of Technology, Dalian, China","institution_ids":["https://openalex.org/I27357992"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054043938","display_name":"Zhongfu Li","orcid":"https://orcid.org/0000-0002-6790-494X","observed_orcids":["https://orcid.org/0000-0002-6790-494X"]},"institutions":[{"id":"https://openalex.org/I27357992","display_name":"Dalian University of Technology","ror":"https://ror.org/023hj5876","country_code":"CN","type":"education","lineage":["https://openalex.org/I27357992"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhongfu Li","raw_affiliation_strings":["Department of Construction Management, Dalian University of Technology, Dalian, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Construction Management, Dalian University of Technology, Dalian, China","institution_ids":["https://openalex.org/I27357992"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5004301846"],"corresponding_institution_ids":["https://openalex.org/I27357992"],"apc_list":null,"apc_paid":null,"fwci":1.183,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.82945413,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"39","issue":"10","first_page":"807","last_page":"823"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11939","display_name":"Public-Private Partnership Projects","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11939","display_name":"Public-Private Partnership Projects","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13439","display_name":"Transport and Economic Policies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3313","display_name":"Transportation"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/public-private-partnerships","display_name":"public-private partnerships","score":0.9229999780654907},{"id":"https://openalex.org/keywords/ownership-structure","display_name":"ownership structure","score":0.7979999780654907},{"id":"https://openalex.org/keywords/equity-allocation","display_name":"equity allocation","score":0.5709999799728394},{"id":"https://openalex.org/keywords/incomplete-contracts","display_name":"incomplete contracts","score":0.6909999847412109},{"id":"https://openalex.org/keywords/social-benefits","display_name":"social benefits","score":0.5920000076293945},{"id":"https://openalex.org/keywords/private-benefits","display_name":"private benefits","score":0.9490000009536743},{"id":"https://openalex.org/keywords/product-bundling","display_name":"bundling","score":0.550000011920929},{"id":"https://openalex.org/keywords/penalty-enforcement","display_name":"penalty enforcement","score":0.5709999799728394},{"id":"https://openalex.org/keywords/construction-companies","display_name":"construction companies","score":0.49799999594688416},{"id":"https://openalex.org/keywords/ppp-regulation","display_name":"PPP regulation","score":0.5220000147819519}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7157095074653625},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6572050452232361},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6547520160675049},{"id":"https://openalex.org/C202093079","wikidata":"https://www.wikidata.org/wiki/Q5418962","display_name":"Private equity firm","level":3,"score":0.4558001160621643},{"id":"https://openalex.org/C121426985","wikidata":"https://www.wikidata.org/wiki/Q591763","display_name":"Private sector","level":2,"score":0.43666473031044006},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.43356966972351074},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.39315658807754517},{"id":"https://openalex.org/C71110296","wikidata":"https://www.wikidata.org/wiki/Q476115","display_name":"Private equity","level":2,"score":0.3835815489292145},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3615272045135498},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.34286201000213623},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.09579271078109741},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/01446193.2021.1974503","doi":"https://doi.org/10.1080/01446193.2021.1974503","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01446193.2021.1974503","pdf_url":null,"source":{"id":"https://openalex.org/S128059648","display_name":"Construction Management and Economics","issn_l":"0144-6193","issn":["0144-6193","1466-433X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Construction Management and Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:conmgt:v:39:y:2021:i:10:p:807-823","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/01446193.2021.1974503","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.4943999946117401},{"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities","score":0.4074000120162964}],"study_designs":[],"awards":[{"id":"https://openalex.org/G1670982891","display_name":"PPP\u9879\u76ee\u5408\u4f5c\u65b9\u5229\u76ca\u4fb5\u5360\u548c\u534f\u540c\u63a7\u5236\u7814\u7a76","funder_award_id":"71672017","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W1566231045","https://openalex.org/W1582194515","https://openalex.org/W1810693758","https://openalex.org/W1978886194","https://openalex.org/W2002801993","https://openalex.org/W2010014546","https://openalex.org/W2016995324","https://openalex.org/W2017990047","https://openalex.org/W2051356660","https://openalex.org/W2076988109","https://openalex.org/W2100746853","https://openalex.org/W2124597406","https://openalex.org/W2142604108","https://openalex.org/W2160309091","https://openalex.org/W2161792108","https://openalex.org/W2162803165","https://openalex.org/W2164485358","https://openalex.org/W2166443045","https://openalex.org/W2170648064","https://openalex.org/W2171394132","https://openalex.org/W2471864359","https://openalex.org/W2538623702","https://openalex.org/W2594728012","https://openalex.org/W2612702665","https://openalex.org/W2748854329","https://openalex.org/W2789601834","https://openalex.org/W2790260688","https://openalex.org/W2805191535","https://openalex.org/W2806071884","https://openalex.org/W2806542739","https://openalex.org/W2809732217","https://openalex.org/W2890819166","https://openalex.org/W3099236675","https://openalex.org/W3122292460","https://openalex.org/W3123463677","https://openalex.org/W3139323198","https://openalex.org/W3175804201","https://openalex.org/W4232795715","https://openalex.org/W4244903821","https://openalex.org/W4254329366","https://openalex.org/W4299846046"],"related_works":["https://openalex.org/W2806542739","https://openalex.org/W4378651265","https://openalex.org/W2041178770","https://openalex.org/W2354103551","https://openalex.org/W2160309091","https://openalex.org/W2977478692","https://openalex.org/W7096928060","https://openalex.org/W2362524908","https://openalex.org/W2748854329","https://openalex.org/W7095999082"],"abstract_inverted_index":{"Although":[0],"bundling":[1],"in":[2,10,62,143,177],"public\u2013private":[3],"partnership":[4],"(PPP)":[5],"projects":[6,174],"fosters":[7],"cost":[8],"savings":[9,17],"the":[11,21,28,35,38,48,66,75,82,85,88,110,118,131,166,169],"provision":[12],"of":[13,23,31,37,68,84,105,113,134,168],"public":[14],"services,":[15],"such":[16],"might":[18],"come":[19],"at":[20],"expense":[22],"social":[24,106,136,146],"benefits":[25,107],"due":[26,108],"to":[27,45,64,109,157],"low":[29,111],"quality":[30,67,112],"non-contractible":[32,69,114,159],"services":[33,115,176],"and":[34,56,137,147],"incompleteness":[36,83],"contract.":[39,86],"A":[40,123],"game":[41],"model":[42],"is":[43,91,100],"presented":[44],"analyse":[46],"how":[47],"equity":[49,76,89,126,170],"allocation":[50],"between":[51],"private":[52,95,101,138,148,152],"partners\u2014typically,":[53],"building":[54],"firms":[55],"operating":[57],"firms\u2014indirectly":[58],"influences":[59],"their":[60],"incentives,":[61],"order":[63],"improve":[65,158],"services.":[70,160],"The":[71],"findings":[72,162],"show":[73],"that":[74],"structure":[77,90,171],"can":[78],"effectively":[79],"compensate":[80],"for":[81,172],"When":[87],"privately":[92],"negotiated":[93],"by":[94],"partners":[96,153],"whose":[97],"only":[98],"concern":[99],"benefits,":[102,139,149],"a":[103,141],"loss":[104],"occurs":[116],"because":[117],"penalties":[119],"are":[120],"not":[121],"enforceable.":[122],"socially":[124],"optimal":[125],"structure,":[127],"which":[128],"depends":[129],"on":[130],"combined":[132],"effects":[133],"marginal":[135],"plays":[140],"role":[142],"aligning":[144],"these":[145],"thereby":[150],"providing":[151,175],"with":[154],"appropriate":[155],"incentives":[156],"These":[161],"provide":[163],"insights":[164],"into":[165],"regulation":[167],"PPP":[173],"diverse":[178],"sectors.":[179]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":6}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2021-11-08T00:00:00"}
