Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships (notice n° 577018)
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| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121134638.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | De Palma, André |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2012.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 84 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Il y a d’excellents arguments économiques en faveur d’une relation étroite entre les secteurs privés et publics pour l’offre de services publics par le biais d’instruments comme les Partenariats Publics-Privés (PPPs ou P3s) qui combinent fonds publics et privés. Dans cet article, nous décrivons ces instruments et les analysons au moyen d’instruments connus de la théorie économique (incitants et théorie principal-agent). Nous discutons les implications de notre approche au niveau de l’identification de risques qui sont souvent négligés pour ensuite nous tourner vers le partage optimal des risques entre les partenaires publics et privés, en particulier en ce qui concerne les asymétries d’information et de perception des risques. Ceci nous permet de proposer une typologie des risques inhérents aux PPPs qui inclut à la fois les risques internes (ceux associés au contrat) et externes (ceux associés au projet). |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | There is a strong economic rationale for close cooperation between the public and private sectors for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or P3s). In this paper, we describe these arrangements and explore how they can be analyzed using standard tools in economics (incentives and principal-agent theory). We discuss the implications of our approach in terms of identifying risks that are often overlooked before turning to the optimal risk-sharing between the public and private partners, in particular with respect to information asymmetries in risk perceptions. This allows us to propose a typology of the risks associated with PPPs, where both internal risks (the risks associated with the contract) and external risks (those associated with the project) are considered. JEL Classification Numbers: D23, D73, D82, H54, M38, R42 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | public-private partnerships |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | infrastructure financing |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | risk classification |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | principal-agent framework |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | transportation infrastructure |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | value for money |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Leruth, Luc E. |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Prunier, Guillaume |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Reflets et perspectives de la vie économique | Volume LI | 2 | 2012-07-10 | p. 57-73 | 0034-2971 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2012-2-page-57?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2012-2-page-57?lang=en&redirect-ssocas=7080</a> |
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