Using Bargaining Game Theory for Risk Allocation of Public-Private Partnership Projects: Insights from Different Alternating Offer Sequences of Participants

2017 ◽  
Vol 143 (3) ◽  
pp. 04016102 ◽  
Author(s):  
Yan Li ◽  
Xinyu Wang ◽  
Yahui Wang
Keyword(s):  
Game Theory ◽  
Public Private Partnership ◽  
Bargaining Game ◽  
Risk Allocation ◽  
Private Partnership ◽  
Bargaining Game Theory

scholarly journals Factors determining the success of public private partnership projects in Nigeria

2016 ◽  
Vol 16 (2) ◽  
pp. 42-55 ◽  
Author(s):  
Afeez Olalekan Sanni
Keyword(s):  
Policy Development ◽  
Success Factors ◽  
Good Governance ◽  
Implementation Process ◽  
Public Private Partnership ◽  
Political Support ◽  
Risk Allocation ◽  
Public And Private ◽  
Private Partnership ◽  
The Government

The implementation of public private partnership (PPP) procurement method is expected to help governments in the development of infrastructures and provides an opportunity for the reduction in the governments’ debt profiles. This method has been adopted in Nigeria for more than a decade and with these years of implementation, few infrastructural projects have been developed using this method while some have been unsuccessful. This study aims to examine the PPP projects implementation in Nigeria and identify the most critical factors that could determine the success of such projects. A total of 184 questionnaires were received from public and private sectors’ participants in the implementation of PPP projects. An exploratory factor analysis identified seven critical success factors as projects feedback, leadership focus, risk allocation and economic policy, good governance and political support, short construction period, favourable socio-economic factors, and delivering publicly needed service. This study shows that more developmental projects could be delivered through PPP if the government could focus on these main factors in the implementation process. The result will influence policy development towards PPP and guide the partners in the development of PPP projects. 

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