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IPPP - Risks and opportunities An economic perspective

Author

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  • Julie De Brux

    (Chaire EPPP - GREGOR - Groupe de Recherche en Gestion des Organisations - UP1 - Université Panthéon-Sorbonne - Institut d'Administration des Entreprises (IAE) - Paris)

  • Frédéric Marty

    () (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - UCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique - UCA - Université Côte d'Azur)

Abstract

This article analyzes some of the issues raised by institutionalized public-private partnerships in an economic perspective. We demonstrate that although they may address some of the main limits of purely contractual public-private partnerships, such as the issues of control, know-how transfer, or additional financial cost, they may induce some intrinsic risks, related to alterations of the contractual incentive structure and judicial challenges. Based on economic theory, we stem some recommendations and comments about the adequacy of legal requirements with economic normative views.

Suggested Citation

  • Julie De Brux & Frédéric Marty, 2014. "IPPP - Risks and opportunities An economic perspective," Post-Print halshs-00990951, HAL.
  • Handle: RePEc:hal:journl:halshs-00990951 Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00990951
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    References listed on IDEAS

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    1. Marian W. Moszoro & Pablo T. Spiller, 2012. "Third-Party Opportunism and the Nature of Public Contracts," NBER Working Papers 18636, National Bureau of Economic Research, Inc.
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    5. Anthony E. BOARDMAN & Aidan R. VINING, 2012. "The Political Economy Of Public‐Private Partnerships And Analysis Of Their Social Value," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 83(2), pages 117-141, June.
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    7. Alessandro MARRA, 2007. "Internal Regulation By Mixed Enterprises: The Case Of The Italian Water Sector," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 78(2), pages 245-275, June.
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    11. Michel Mougeot & Florence Naegelen, 2007. "Was Chadwick right?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 30(2), pages 121-137, March.
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    15. Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," RAND Journal of Economics, RAND Corporation, pages 442-474.
    16. Maskin, Eric & Tirole, Jean, 2008. "Public-private partnerships and government spending limits," International Journal of Industrial Organization, Elsevier, pages 412-420.
    17. repec:hrv:faseco:30727607 is not listed on IDEAS
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    Cited by:

    1. Frédéric Marty, 2014. "De la soutenabilité budgétaire des contrats de partenariat public-privé," GREDEG Working Papers 2014-35, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    2. repec:eee:socmed:v:187:y:2017:i:c:p:276-286 is not listed on IDEAS

    More about this item

    Keywords

    public-private partnerships; hybrid structures; incentives; partenariats public-privé; formes organisationnelles hybrides; incitations;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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