TRANSACTION COSTS OF THE CONCESSION AGREEMENT AS FORMS OF STATE-PRIVATE PARTNERSHIP

Abstract

The author of the article investigates the concession mechanism of public-private partnership, as well as transaction costs arising during the implementation of the concession project from the decision of the concluding member to conclude an agreement and to select participants before signing the concession agreement.

Keywords

• public-private partnership
• concession
• transaction costs
• ownership
• investment policy