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Journal ArticleDOI

Creating and Capturing Value in Public-Private Ties: A Private Actor's Perspective

Ilze Kivleniece, +1 more
- 01 Apr 2012 - 
- Vol. 37, Iss: 2, pp 272-299
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TLDR
The authors identify the value creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes.
Abstract
Intersecting the boundaries of public and private economic activity, public-private ties carry important organizational strategy, management, and policy implications. We identify the value creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes. Two important restraints on private value capture—public partner opportunism and external stakeholder activism—arise asymmetrically under each form, carrying a critical effect on partnership outcomes.

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References
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Journal ArticleDOI

Contractual Commitments, Bargaining Power, and Governance Inseparability: Incorporating History Intotransaction Cost Theory.

TL;DR: In this paper, the authors extend transaction cost economics by arguing that prior contractual commitments and changes in bargaining power with contractual partners can limit a firm's ability to differentiate or change its governance arrangements in the future.
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Contracting with Governments

TL;DR: In this article, the authors highlight the difficulties linked to the specificities of the arrangements between the government, considered a competent and benevolent dictator, due to complex information and commitment issues, and focus on the different sources of contractual failures resulting from contractual incompleteness and from imperfect competition among the potential private providers of public services.
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