Chang, C;
(2013)
A critical review of the application of TCE in the interpretation of risk allocation in PPP contracts.
Construction Management and Economics
, 31
(2)
pp. 99-103.
10.1080/01446193.2012.726365.
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Abstract
Along 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.
| Type: | Article |
|---|---|
| Title: | A critical review of the application of TCE in the interpretation of risk allocation in PPP contracts |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/01446193.2012.726365 |
| Publisher version: | http://dx.doi.org/10.1080/01446193.2012.726365 |
| Language: | English |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1383715 |
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