IPPP Risks and opportunities an economic perspective

Julie de Brux and Frédéric Marty
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Julie de Brux: Sorbonne Business School and Studies and propspective manager

No 2014-11, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

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.

Keywords: public-private partnerships; hybrid structures; incentives (search for similar items in EconPapers)
JEL-codes: H4 L5 (search for similar items in EconPapers)
Date: 2014-05
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: IPPP - Risks and opportunities An economic perspective (2014)
Working Paper: IPPP: Risks and Opportunities, An Economic Perspective (2014)
Working Paper: IPPP – Risks and opportunities An economic perspective (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1411

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