An Economic Analysis of Public-Private Partnerships

Jean Beuve (1) , Stéphane Saussier (2) , Julie de Brux (2, 3)

1 CES - Centre d'économie de la Sorbonne
2 IAE Paris - Sorbonne Business School
3 LAB IAE Paris - Sorbonne

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.

Domaines: Economies et finances

Jean Beuve, Stéphane Saussier, Julie de Brux. An Economic Analysis of Public-Private Partnerships. 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⟩. ⟨hal-02139523⟩