de Brux, Julie <br/><br/>
Institutionalized Public-Private Partnerships: Advantages, Limits, and Risks of an Hybrid Organisational Structure 

 -  2016.<br/>							 
<br/><br/> 2 
<br/><br/> In July 2014, a new type a public-private joint venture (Société d’économie mixte à opération unique) was created in France. This is the translation into French legislation of the European originated concept of institutionalized public-private partnership (IPPP). This new governance modality for the development of public projects aims at addressing some of the limits of contractual public-private partnerships, i.e. their financial costs, their opacity that impairs the public contractor’s control and their lack of flexibility that increases the risk of contractual hold-ups. We show that although IPPPs address to some extent these difficulties, they may also induce other specific risks.