Public Property and Concessions in The Common Law System and Common Law Countries

Abstract

Concessions and public property are important elements of legal system for managing public infrastructure, improving efficiency and services, attracting private investment, reducing public spending and risks, generating public revenue, maintaining public control and strategic control. No comprehensive study exits on the public property and concessions in the common law system and in common law countries. Current study explores the notions of "public property", but also that of "concession", from the perspective of the United Kingdom, the United States of America, and New Zealand, by examining the two previously mentioned notions in a separate manner, in the case of each of the mentioned states, with the aim of creating and providing accessible explanations for the regulations on public property and on concession. The study also highlights Romanian legislation for the same.