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Renegotiating PPP Contracts: Opportunities and Pitfalls

Author

Listed:
  • Jean Beuve

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Aude Le Lannier

    (Arafer - Autorité de régulation des activités ferroviaires et routières, IAE Paris - Sorbonne Business School)

  • Zoé Le Squeren

    (IAE Lille - IAE Lille University School of Management - Lille - Université de Lille)

Abstract

This chapter reflects the double-sided view of the economic literature on contract renegotiation. The authors first describe opportunistic behaviors and the solutions to limit them. Second, they present renegotiation as a way to tackle necessary adaptation and incompleteness issues. They identify the contractual and institutional conditions enabling to favor efficient and balanced contracts life span.

Suggested Citation

  • Jean Beuve & Aude Le Lannier & Zoé Le Squeren, 2018. "Renegotiating PPP Contracts: Opportunities and Pitfalls," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02139540, HAL.
    • Handle: RePEc:hal:cesptp:hal-02139540
    DOI: 10.1007/978-3-319-68050-7_6
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    Cited by:

    1. Jean Beuve & Stéphane Saussier, 2021. "Renegotiations and Renewals of Public Contracts," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 59(3), pages 461-482, November.

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