title: The applicability of public-private partnership contracts for infrastructure projects as a function of their specificity
metadata.name: dc.contributor.author
metadata.value: Patrakeeva, Olga Yu.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Patrakeev, Alexey A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-03-03T13:17:42Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-03-03T13:17:42Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Patrakeeva O. Yu., Patrakeev A. A. (2020) The applicability of public-private partnership contracts for infrastructure projects as a function of their specificity. St Petersburg University Journal of Economic Studies, vol. 36, iss. 4, pp. 601–623.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2020.403
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/25079
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The Crimean bridge, as Russia’s largest infrastructure project, can be considered a marginal
  case of the relative effectiveness of public financing without the involvement of private partners.
  According to the formalization employed, the implementation of this project through
  market coordination leads to additional costs due to the rising level of specificity. The increase
  in these costs is not linear and is more intensive than growth in the level of specificity. Introduction
  of an NPV-efficiency assessment tool into the analysis allows us to prove a limiting
  reduction of this interval for considering the risk profile of the project under consideration.
  Reserves required due to the risk of rising budget expenditures due to the project’s scale actually
  does not exist according to these reasons: increases in the discount rate is more intensive
  than the rise of negative expectations; the rise of additional equity premiums is more intensive
  than the rise of the risk-free rate itself. Thus, the Crimean bridge project should be considered
  a marginal case of the relative effectiveness of direct state funding comparing PPP scheme.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The paper was funded by State Assignment of SSC RAS, No. АААА–А19–119011190184–2; the
  paper uses the results of a scientific research under the President’ Grant MK–87.2020.6.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 36; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: large-scale project
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: public-private partnership
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: transaction costs
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: institutional analysis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: contracts’ design
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: the Crimean Bridge
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The applicability of public-private partnership contracts for infrastructure projects as a function of their specificity
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 601-623.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/25079/1/601-623.pdf
resources.format: Adobe PDF
resources.size: 1,24 MB