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IPPP - Risks and opportunities An economic perspective

Listed author(s):
  • 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 - CNRS - Centre National de la Recherche Scientifique)

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.

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File URL: https://halshs.archives-ouvertes.fr/halshs-00990951/document
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Paper provided by HAL in its series Post-Print with number halshs-00990951.

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Date of creation: 14 May 2014
Publication status: Published in Document de travail OFCE 2014-11. 2014, 26p
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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  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.
  2. Nuno F. da Cruz & Rui Cunha Marques, 2012. "Mixed companies and local governance: no man can serve two masters," LSE Research Online Documents on Economics 59778, London School of Economics and Political Science, LSE Library.
  3. Dewatripont, Mathias & Legros, Patrick, 2005. "Public-private partnerships: contract design and risk transfer," EIB Papers 5/2005, European Investment Bank, Economics Department.
  4. Antje Burmeister, 1994. "Marchés publics et politique technologique : le concept de « demand-pull public »," Revue Française d'Économie, Programme National Persée, vol. 9(2), pages 187-220.
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  10. Engel, Eduardo & Fischer, Ronald & Galetovic, Alexander, 2010. "The economics of infrastructure finance: Public-Private Partnerships versus public provision," EIB Papers 2/2010, European Investment Bank, Economics Department.
  11. Frederic Marty & Arnaud Voisin, 2008. "Partnership contracts, project finance and information asymmetries: from competition for the contract to competition within the contract?," Documents de Travail de l'OFCE 2008-06, Observatoire Francais des Conjonctures Economiques (OFCE).
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  13. Schmidt, Klaus M, 1996. "The Costs and Benefits of Privatization: An Incomplete Contracts Approach," Journal of Law, Economics and Organization, Oxford University Press, vol. 12(1), pages 1-24, April.
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  18. repec:hrv:faseco:30727607 is not listed on IDEAS
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