| Abstract: | Wong, K. C. and Walker, A. (2000) Construction Management and Economics, 18 (2), 131-138 have argued that co-operative joint venture arrangements (with state enterprises in the People's Republic of China) reduce the dissipation of rent under public ownership, which leads to an apparent transfer of shares from the public institution to the private developer. This proposition is challenged, and it is demonstrated using economic analysis that co-operative joint ventures between Hong Kong and China are a feasible option for developers and public institutions. |
