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IPPP: Risks and Opportunities, An Economic Perspective

Author

Listed:
  • Julie de Brux

    (Chaire EPPP - GREGOR - Groupe de Recherche en Gestion des Organisations - UP1 - Université Paris 1 Panthéon-Sorbonne - IAE Paris - Sorbonne Business School)

  • Frédéric Marty

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - 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-01022665, HAL.
    • Handle: RePEc:hal:journl:halshs-01022665
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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), Université Côte d'Azur, France.
    2. Eren Vural, Ipek, 2017. "Financialisation in health care: An analysis of private equity fund investments in Turkey," Social Science & Medicine, Elsevier, vol. 187(C), pages 276-286.

    More about this item

    Keywords

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    JEL classification:

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

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