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Is Public-Private Partnership Obsolete? Assessing the Obstacles and Shortcomings of PPP

  • Claude Ménard

    ()

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

Public-Private Partnership has been high on the agenda of public decision makers since the 1990's. Primarily a contractual approach to the delivery of infrastructures, goods and services traditionally provided by the public sector or by private operators submitted to tight regulation, PPP is also a very special contractual practice as it seeks to introduce market-type relationships in a context in which non-market forces play a major role. An important consequence is the overlapping of decision rights as well as property rights, which exposes PPP to a double alignment problem, organizational and institutional. Away from the ideological controversies about the legitimacy of PPP in provisioning public goods, this chapter focuses on problems rooted in the very nature of PPPs and the actual design of their supportive contracts, as well as in the institutions in which they are embedded and that define the capacity to implement and monitor these arrangements properly.

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Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00653090.

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Date of creation: 2013
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Publication status: Published in Piet de Vries et Etienne B. Yehoue. The Routledge Companion to Public-Private Partnerships, Routledge, pp.149-174, 2013, 978-0-415-78199-2
Handle: RePEc:hal:cesptp:halshs-00653090
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00653090
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  1. Rolf Kunneke & John Groenewegen & Claude Ménard, 2010. "Aligning modes of organization with technology: Critical transactions in the reform of infrastructures," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00624266, HAL.
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  7. David Martimort & Stephane Straub, 2006. "Privatization and Changes in Corruption Patterns: The Roots of Public Discontent," ESE Discussion Papers 147, Edinburgh School of Economics, University of Edinburgh.
  8. Wallsten, Scott & Kosec, Katrina, 2008. "The effects of ownership and benchmark competition: An empirical analysis of U.S. water systems," International Journal of Industrial Organization, Elsevier, vol. 26(1), pages 186-205, January.
  9. Victor P. Goldberg, 1976. "Regulation and Administered Contracts," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 426-448, Autumn.
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