IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_2006_num_175_4_7560.html
   My bibliography  Save this article

Le cofinancement usager-contribuable et le partenariat public-privé changent les termes de l'évaluation des programmes d'investissement public

Author

Listed:
  • Alain Bonnafous
  • Pablo Jensen
  • William Roy

Abstract

[fre] Bien qu’il puisse être appliqué à diverses sortes d’équipements publics, l’objet de cet article concerne les investissements d’infrastructure dans le secteur des transports. Il pose le problème de l’articulation entre les évaluations économiques et financières. Il s’agit d’optimiser le rendement social au sens du calcul économique, mais en prenant en compte deux aspects trop négligés : d’une part, le fait que la plupart des grands investissements candidats seront cofinancés par l’usager et le contribuable, comme l’ont été les investissements récents et, d’autre part, la nécessité de ne pas seulement raisonner sur la détermination du meilleur projet mais sur la détermination du meilleur programme de projets. Cet article montre l’attrait du ratio de « l’utilité collective par euro public investi », en tant que critère permettant appréhender les effets de l’intensification de la contrainte financière publique. [eng] While the method described in this article is applicable to various types of public facilities, the focus here is on infrastructure investment in transportation. The authors examine the link between economic and financial assessments. The goal is to optimize social returns as defined in cost-benefit analysis, but making allowance for two overneglected aspects : (1) the fact that most of the large-scale investment projects envisaged will be cofinanced by users and taxpayers, as recent investments have been ; (2) the need to think in terms of deciding not only on the best project but also on the best program of projects. This article shows the attractiveness of “ collective utility per public euro invested ” as a criterion for measuring the effects of the intensification of the public-finance constraint.

Suggested Citation

  • Alain Bonnafous & Pablo Jensen & William Roy, 2006. "Le cofinancement usager-contribuable et le partenariat public-privé changent les termes de l'évaluation des programmes d'investissement public," Économie et Prévision, Programme National Persée, vol. 175(4), pages 15-30.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2006_num_175_4_7560
    DOI: 10.3406/ecop.2006.7560
    Note: DOI:10.3406/ecop.2006.7560
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.2006.7560
    Download Restriction: no
    File URL: https://www.persee.fr/doc/ecop_0249-4744_2006_num_175_4_7560
    Download Restriction: no
    File URL: https://libkey.io/10.3406/ecop.2006.7560?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Alain Bonnafous & Pablo Jensen, 2005. "Ranking Transport Projects by their Socioeconomic Value or Financial Interest rate of return?," Post-Print halshs-00079721, HAL.
    2. Alain Bonnafous, 1999. "Infrastructures publiques et financement privé : le paradoxe de la rentabilité financière," Revue d'Économie Financière, Programme National Persée, vol. 51(1), pages 157-166.
    3. James H. Lorie & Leonard J. Savage, 1955. "Three Problems in Rationing Capital," The Journal of Business, University of Chicago Press, vol. 28, pages 229-229.
    4. Patrick Bonnel, 2004. "Prévoir la demande de transport," Post-Print halshs-00077292, HAL.
    5. Alain Bonnafous, 2002. "Les infrastructures de transport et la logique financière du partenariat public-privé : quelques paradoxes," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 173-194.
    6. Hugh Everett, 1963. "Generalized Lagrange Multiplier Method for Solving Problems of Optimum Allocation of Resources," Operations Research, INFORMS, vol. 11(3), pages 399-417, June.
    7. Hayashi, Y. & Morisugi, H., 2000. "International comparison of background concept and methodology of transportation project appraisal," Transport Policy, Elsevier, vol. 7(1), pages 73-88, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jesus Gonzalez-Feliu & Eichi Taniguchi & Bruno Faivre d'Arcier, 2014. "Financing urban logistics projects. From public utility to public-private partnerships," Working Papers halshs-01074619, HAL.
    2. Jesus Gonzalez-Feliu & Pierre Basck & Eleonora Morganti, 2013. "Urban logistics solutions and financing mechanisms: a scenario assessment analysis," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 54, pages 1-11.
    3. Bonnafous, Alain & Crozet, Yves, 2018. "Consumer surplus and pricing of transport infrastructures: The legacy of Jules Dupuit," Transport Policy, Elsevier, vol. 70(C), pages 8-13.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alain Bonnafous & Bruno Faivre d'Arcier, 2013. "The conditions of efficiency of a PPP for public finances," Post-Print halshs-00876446, HAL.
    2. D. Babusiaux, 1988. "Financing investment and calculations of profitability [Financement des investissements et calculs de rentabilité]," Working Papers hal-01534450, HAL.
    3. Alain Bonnafous & Pablo Jensen, 2005. "Ranking Transport Projects by their Socioeconomic Value or Financial Interest rate of return?," Post-Print halshs-00079721, HAL.
    4. Anastasios Michailidis & Efstratios Loizou & Georgios Theodosiou, 2006. "Socioeconomic Evaluation and Ranking of Infrastructure Projects," ERSA conference papers ersa06p395, European Regional Science Association.
    5. Freville, Arnaud, 2004. "The multidimensional 0-1 knapsack problem: An overview," European Journal of Operational Research, Elsevier, vol. 155(1), pages 1-21, May.
    6. Mandic, Dragomir & Jovanovic, Predrag & Bugarinovic, Mirjana, 2014. "Two-phase model for multi-criteria project ranking: Serbian Railways case study," Transport Policy, Elsevier, vol. 36(C), pages 88-104.
    7. Bonnafous, Alain & Jensen, Pablo, 2005. "Ranking transport projects by their socioeconomic value or financial internal rate of return?," Transport Policy, Elsevier, vol. 12(2), pages 131-136, March.
    8. William Roy, 2005. "Évaluation des programmes d'infrastructure : ordre optimal de réalisation sous contrainte financière," Post-Print halshs-00003971, HAL.
    9. Bonnafous, Alain, 2010. "Programming, optimal pricing and partnership contract for infrastructures in PPPs," Research in Transportation Economics, Elsevier, vol. 30(1), pages 15-22.
    10. Alain Bonnafous, 2005. "Infrastructure Funding and Public-Private Partnerships," Post-Print halshs-00079768, HAL.
    11. Gerald G. Brown & Robert F. Dell & Alexandra M. Newman, 2004. "Optimizing Military Capital Planning," Interfaces, INFORMS, vol. 34(6), pages 415-425, December.
    12. Marshall L. Fisher, 2004. "The Lagrangian Relaxation Method for Solving Integer Programming Problems," Management Science, INFORMS, vol. 50(12_supple), pages 1861-1871, December.
    13. Bonnafous, Alain, 2012. "The use of PPP's and the profitability rate paradox," Research in Transportation Economics, Elsevier, vol. 36(1), pages 45-49.
    14. Musso, Enrico & Ferrari, Claudio & Benacchio, Marco, 2006. "Port Investment: Profitability, Economic Impact and Financing," Research in Transportation Economics, Elsevier, vol. 16(1), pages 171-218, January.
    15. van Wee, Bert & Bohte, Wendy & Molin, Eric & Arentze, Theo & Liao, Feixiong, 2014. "Policies for synchronization in the transport–land-use system," Transport Policy, Elsevier, vol. 31(C), pages 1-9.
    16. Rolf H. Möhring & Andreas S. Schulz & Frederik Stork & Marc Uetz, 2003. "Solving Project Scheduling Problems by Minimum Cut Computations," Management Science, INFORMS, vol. 49(3), pages 330-350, March.
    17. Hanafi, Said & Freville, Arnaud, 1998. "An efficient tabu search approach for the 0-1 multidimensional knapsack problem," European Journal of Operational Research, Elsevier, vol. 106(2-3), pages 659-675, April.
    18. Bakker, P. & Koopmans, C. & Nijkamp, P., 2009. "Appraisal of integrated transport policies," Serie Research Memoranda 0052, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    19. Mustafa Doğru & A. Kok & G. Houtum, 2013. "Newsvendor characterizations for one-warehouse multi-retailer inventory systems with discrete demand under the balance assumption," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 21(3), pages 541-559, September.
    20. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_2006_num_175_4_7560. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecop .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.