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Influence of the Tendering Mechanism in the Performance of Public-Private Partnerships: A Transaction Cost Approach

机译：招标机制对公私合营企业绩效的影响：交易成本法

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摘要

This article develops a theoretical model, based primarily on transaction costs, with which to compare the various tendering mechanisms for public-private partnership (PPP) projects. In particular, the model contrasts negotiated procedures with the open procedure, as defined by current European Union legislation on public tendering. The model includes both ex ante transaction costs (borne during the tendering stage) and ex post transaction costs (such as enforcement costs, renegotiation costs, and costs arising from litigation between partners) and explains the trade-off between them. The bottom line is that it is difficult to justify the extensive use of negotiated procedures in many countries.
机译：本文建立了一个主要基于交易成本的理论模型，用于比较公私伙伴关系（PPP）项目的各种招标机制。尤其是，该模型将谈判的程序与公开的程序进行了对比，这是欧盟现行有关公开招标的法律所定义的。该模型包括事前交易成本（在招标阶段承担）和事后交易成本（例如执行成本，重新谈判成本以及合作伙伴之间的诉讼成本），并说明了两者之间的权衡。最重要的是，很难证明在许多国家广泛使用谈判程序是合理的。

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