IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Reducing the debt : is it optimal to outsource an investment?

  • Gilles Edouard Espinosa

    (CERMICS - Centre d'Enseignement et de Recherche en Mathématiques et Calcul Scientifique - École des Ponts ParisTech (ENPC) - UPE - Université Paris-Est)

  • Caroline Hillairet

    (CMAP - Centre de Mathématiques Appliquées - Ecole Polytechnique - Polytechnique - X - CNRS - Centre National de la Recherche Scientifique)

  • Benjamin Jourdain

    ()

    (CERMICS - Centre d'Enseignement et de Recherche en Mathématiques et Calcul Scientifique - École des Ponts ParisTech (ENPC) - UPE - Université Paris-Est , MATHRISK - Mathematical Risk handling - INRIA Paris-Rocquencourt - INRIA - UPEM - Université Paris-Est Marne-la-Vallée - École des Ponts ParisTech (ENPC))

  • Monique Pontier

    (IMT - Institut de Mathématiques de Toulouse UMR5219 - UPS - Université Paul Sabatier - Toulouse 3 - PRES Université de Toulouse - CNRS - Centre National de la Recherche Scientifique - INSA de Toulouse - Institut National des Sciences Appliquées de Toulouse - UT1 - Université Toulouse 1 Capitole - UT2 - Université Toulouse 2)

Registered author(s):

    We deal with the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the exploitation. We prove the existence of Stackelberg and Nash equilibria between the firm and the private consortium, in both situations. We compare the benefits of these contracts. We conclude with a study of what happens in case of incomplete information, in the sense that the risk aversion coefficient of each partner may be unknown by the other partner.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: https://hal-enpc.archives-ouvertes.fr/hal-00824390v2/document
    Download Restriction: no

    Paper provided by HAL in its series Working Papers with number hal-00824390.

    as
    in new window

    Length:
    Date of creation: 21 May 2013
    Date of revision:
    Handle: RePEc:hal:wpaper:hal-00824390
    Note: View the original document on HAL open archive server: https://hal-enpc.archives-ouvertes.fr/hal-00824390v2
    Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Auriol, Emmanuelle & Picard, Pierre M, 2006. "Government Outsourcing: Public Contracting with Private Monopoly," CEPR Discussion Papers 5643, C.E.P.R. Discussion Papers.
    2. Auriol, Emmanuelle & Picard, Pierre, 2011. "A Theory of BOT Concession Contracts," TSE Working Papers 11-228, Toulouse School of Economics (TSE).
    3. Elisabetta Iossa & David Martimort & Jérôme Pouyet, 2008. "Partenariats Public-Privés : quelques réflexions," Post-Print halshs-00754284, HAL.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-00824390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.