Public Private Partnerships in Europe for Building and Managing Public Infrastructures: An Economic Perspective

24 Pages Posted: 25 Feb 2018

See all articles by Elisabetta Iossa

Elisabetta Iossa

University of Rome Tor Vergata; IEFE Bocconi University; Centre for Economic Policy Research (CEPR)

Stéphane Saussier

Sorbonne Business School

Date Written: March 2018

Abstract

Public–private partnerships (PPPs) are long‐term contractual agreements between the public and private sector for the provision of public infrastructures and services. Due to tighter budget constraints and to a renewed interest in greater involvement of the private sector in the provision of public services, PPPs are likely to grow in the near future. In this paper, we review the theory and practice of PPPs, highlighting their potential role as well as discussing the main factors influencing the likelihood of performance failure.

Keywords: Incentives, infrastructures, public private partnerships, public services

JEL Classification: H11, H57, L14, L24

Suggested Citation

Iossa, Elisabetta and Saussier, Stéphane, Public Private Partnerships in Europe for Building and Managing Public Infrastructures: An Economic Perspective (March 2018). Annals of Public and Cooperative Economics, Vol. 89, Issue 1, pp. 25-48, 2018, Available at SSRN: https://ssrn.com/abstract=3129126 or http://dx.doi.org/10.1111/apce.12192

Elisabetta Iossa (Contact Author)

University of Rome Tor Vergata ( email )

Via Columbia n.2
Rome, 00133
Italy

IEFE Bocconi University ( email )

Via Roentgen 1
Milan, Milan 20136
Italy

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Stéphane Saussier

Sorbonne Business School

21 Rue Broca
Paris, 75005
France

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