Novel procedures to choose the management of PPPs

Bruno S. Frey

doi:10.24294/jipd.v3i2.1149

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Novel procedures to choose the management of PPPs

Bruno S. Frey

Journal of Infrastructure Policy and Development 2019, 3(2), 196-203; https://doi.org/10.24294/jipd.v3i2.1149

Submitted：05 Nov 2019

Accepted：19 Nov 2019

Published：05 Dec 2019

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Abstract

There is a large literature on public-private-partnership, covering many different areas and aspects. This article deals with a specific but important aspect: the decision-making mechanisms to choose the management of PPP enterprises. In this sector, a suitable choice of managers is of particular importance because the persons chosen must balance the public and private interests. This is often difficult to achieve. Two new procedures are discussed, “Directed Random Choice” and “Rotating CEOs”. In each case, the advantages and disadvantages of the procedure of choosing the managers of PPP enterprises are discussed and evaluated. It is concluded that the two novel mechanisms should be seriously considered when choosing the managers of PPP enterprises.

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References

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