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Property rights implications of public-private joint ventures

By: Contributor(s): Series: Construction Management and Economics ; (18) January 2000, 131-138(8)Publication details: 2000Subject(s): Summary: Argues that a cooperative joint venture between a public institution and a private developer will reduce dissipation of rent under public ownership and lead to a transfer of shares from the public institution to the private developer. Gives examples from Hong Kong and China and discusses variations of the cooperative joint venture.

Argues that a cooperative joint venture between a public institution and a private developer will reduce dissipation of rent under public ownership and lead to a transfer of shares from the public institution to the private developer. Gives examples from Hong Kong and China and discusses variations of the cooperative joint venture.