Customer Review

4 of 4 people found the following review helpful
5.0 out of 5 stars Excellent general work with welcome detail for experts, this is indispensible, 7 Jan. 2008
This review is from: Public-Private Partnerships: Principles of Policy and Finance (Hardcover)
Yescombe's "Public-Private Partnerships" is a welcome helpful book, especially for non-experts who have not been educated in law.

Any contract or capital structure has peculiarities unto itself which general commentary can summarize. But this is an extreme challenge in the field of public-private partnerships.

Public-private partnerships can take a variety of shapes and sizes, with asymmetric agency concerns involved. Yescombe doesn't directly address these concerns, but the cautious reader can read between the lines as he walks through the details.

Sub-specializations can often develop difficult technical jargon, and Yercombe does an excellent job unpacking the sometimes bewildering use of terms, while sticking to a presumption of a readership coming from a "Black's" and common law perspective.

Yescombe covers a wide range: from general policy developed by government authorities to technical financial analysis, capital structure, procurement, financial and legal venue issues. Yescombe's perspective as a practitioner gives a solidity to the subject matter, and provides an authoritative guide and reference for investors, bankers, companies providing infrastructure or services to public sector authorities and the public at large.

For now, this is the single best work for anyone interested in a public-private partnership.
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