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Public Private Partnerships In Europe For Building And Managing Public Infrastructures: An Economic Perspective

Author

Listed:
  • Elisabetta Iossa

    (Università degli Studi di Roma Tor Vergata [Roma, Italia] = University of Rome Tor Vergata [Rome, Italy] = Université de Rome Tor Vergata [Rome, Italie])

  • Stéphane Saussier

    (IAE Paris - Sorbonne Business School)

Abstract

Public–private partnerships (PPPs) are long-term contractual agreements between the public and private sector for the provision of public infrastructures and services. Due to tighter budget constraints and to a renewed interest in greater involvement of the private sector in the provision of public services, PPPs are likely to grow in the near future. In this paper, we review the theory and practice of PPPs, highlighting their potential role as well as discussing the main factors influencing the likelihood of performance failure.
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Suggested Citation

  • Elisabetta Iossa & Stéphane Saussier, 2018. "Public Private Partnerships In Europe For Building And Managing Public Infrastructures: An Economic Perspective," Post-Print hal-03285959, HAL.
    • Handle: RePEc:hal:journl:hal-03285959
    DOI: 10.1111/apce.12192
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    Cited by:

    1. Naoki FUJIWARA, 2019. "International City Network and Public-Private Cooperation Japanese Public Water Services’ Overseas Expansion," CIRIEC Working Papers 1909, CIRIEC - Université de Liège.
    2. Giuseppe Liddo & Alessandro Rubino & Ernesto Somma, 2019. "Determinants of PPP in infrastructure investments in MENA countries: a focus on energy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(4), pages 523-580, December.
    3. Irina A. Morozova & Elena G. Popkova & Tatiana N. Litvinova, 2019. "Sustainable development of global entrepreneurship: infrastructure and perspectives," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 589-597, June.
    4. Deneckere, Raymond & de Palma, André & Leruth, Luc, 2019. "Risk sharing in procurement," International Journal of Industrial Organization, Elsevier, vol. 65(C), pages 173-220.
    5. Giuseppe Di Liddo & Annalisa Vinella, 2022. "Asymmetric yardstick competition: traditional procurement versus public-private partnerships," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 8(3), pages 669-695, November.
    6. Gani Aldashev & Esteban Jaimovich & Thierry Verdier, 2023. "The Dark Side of Transparency: Mission Variety and Industry Equilibrium in Decentralised Public Good Provision," The Economic Journal, Royal Economic Society, vol. 133(654), pages 2085-2109.
    7. Kopańska, Agnieszka & Osinski, Roman & Korbus, Bartosz, 2024. "Private entities motivations to participate in public-private partnerships," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
    8. Josef Jilek, 2024. "Measuring the value of public–private partnership," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(4), pages 917-932, December.
    9. Cian O'SHEA & Dónal PALCIC & Eoin REEVES, 2019. "Comparing Ppp With Traditional Procurement: The Case Of Schools Procurement In Ireland," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 245-267, June.
    10. Yujia He & Lei Shi & Zhongfu Li, 2021. "The combined effect of marginal social and private benefit on the socially optimal equity structure of PPP projects," Construction Management and Economics, Taylor & Francis Journals, vol. 39(10), pages 807-823, October.
    11. Tetiana Popova & Mariana Iskiv & Viktoriia Zagurska-Antoniuk & Zoriana Buryk & Volodymyr Matsyk & Nataliia Terentieva, 2020. "The Application of Public-Private Partnership for the Purpose of Implementing State Policy in the Sphere of Health Care," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 128-138.
    12. Naoki Fujiwara, 2019. "International City Network and Public-Private Cooperation for Urban Water-Environment Management: A Study of Japanese Public Water Services’ Overseas Expansion," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 18(2), pages 19-29, December.
    13. Kusterer, David J. & Schmitz, Patrick W., 2020. "Public goods, property rights, and investment incentives: An experimental investigation," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 514-532.
    14. Nicole B. Baker & Christian Haddad, 2024. "Private ownership and management control decisions in infrastructure from the perspective of Transaction Cost Theory: Evidence from emerging economies," Economics and Politics, Wiley Blackwell, vol. 36(2), pages 764-791, July.
    15. Lu, Qiongfang & Wilson, Craig, 2024. "Infrastructure financing in Africa," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    16. Herawati Zetha Rahman & Perdana Miraj & Azaria Andreas, 2019. "Exploring Public–Private Partnership Scheme in Operation and Maintenance Stage of Railway Project," Sustainability, MDPI, vol. 11(22), pages 1-13, November.

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