Discount Rates for the Evaluation of Public Private Partnerships

This experience has spurred policy makers to demand that a comparison be made between the public and private provision of services to determine the overall value for money of public-private partnership ventures. A central question that must be answered before such a comparison can be made is the appropriate cost of capital or discount rate to use in both of these situations. The essays in this book address these issues directly and provide the latest views on this topic.
Contributors include Donald Brean (University of Toronto), David Burgess (University of Western Ontario), Graham Glenday (Duke University), Arnold C. Harberger (UCLA), Glenn Jenkins (Queen's University), Chun-Yan Kuo (Queen's University), Mark Moore (Simon Fraser University), Christopher Shugart (independent), Michael Spackman (NERA), and Peter Spiro (Treasury of Ontario).