An Economic Analysis of Public-Private Partnerships
Jean Beuve (),
Stephane Saussier () and
Julie de Brux
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Jean Beuve: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Julie de Brux: IAE Paris - Sorbonne Business School, LAB IAE Paris - Sorbonne - IAE Paris - Sorbonne Business School
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Abstract:
In this chapter, the authors explain the advantages related to the outsourcing of public services and the involvement of private partners, as identified in the economic literature. Then, they discuss the main challenges associated with PPPs in terms of transaction costs, information asymmetries, and contractual incompleteness. They end by insisting on the role of the institutional framework to enforce these contracts.
Date: 2018
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Citations: View citations in EconPapers (47)
Published in Stéphane Saussier; Julie de Brux. The Economics of Public-Private Partnerships. Theoretical and Empirical Developments, Springer International Publishing, pp.17-38, 2018, 978-3-319-68050-7. ⟨10.1007/978-3-319-68050-7_2⟩
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Working Paper: An Economic Analysis of Public-Private Partnerships (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-02139523
DOI: 10.1007/978-3-319-68050-7_2
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