State and hierarchies: features of interaction in the form of PPP

The participation of the state as an economic agent in the institutional structures that ensure the exchange of assets determines the specific features of their organization in the form of a public-private partnership (PPP). Within the framework of PPP, alternative forms of cooperation between the state and private business regarding the production of public goods are integrated: quasi-market organization, hierarchical and hybrid. The article is devoted to the analysis of the forms of organization of transactions based on PPP as an institutionalization of the possibilities of reducing transaction costs based on the exchange of property rights. The methodological basis of the study was the main provisions and developments in the field of institutional economic theory, the theory of property rights and the theory of public goods. The methods of work included a positive and normative analysis of the transactions of the hierarchical organization of private business and the state regarding the production of public goods. The analysis showed that the variety of PPP forms that implement this partnership can be viewed as a function of changes in relative differences in the levels and structure of transaction costs. The results of the study contribute to the understanding of the specificity of the state’s position as an agency for the specification and protection of property rights within PPPs organized in the form of hierarchies.