Renegotiating PPP Contracts: Opportunities and Pitfalls

Jean Beuve (1) , Aude Le Lannier (2, 3) , Zoé Le Squeren (4)

1 CES - Centre d'économie de la Sorbonne
2 Arafer - Autorité de régulation des activités ferroviaires et routières
3 IAE Paris - Sorbonne Business School
4 IAE Lille - IAE Lille University School of Management - Lille

This chapter reflects the double-sided view of the economic literature on contract renegotiation. The authors first describe opportunistic behaviors and the solutions to limit them. Second, they present renegotiation as a way to tackle necessary adaptation and incompleteness issues. They identify the contractual and institutional conditions enabling to favor efficient and balanced contracts life span.

Domaines: Economies et finances

Jean Beuve, Aude Le Lannier, Zoé Le Squeren. Renegotiating PPP Contracts: Opportunities and Pitfalls. Stéphane Saussier; Julie de Brux. The Economics of Public-Private Partnerships, Springer International Publishing, pp.135-162, 2018, 978-3-319-68050-7. ⟨10.1007/978-3-319-68050-7_6⟩. ⟨hal-02139540⟩