The Simple Microeconomics of Public‐Private Partnerships

Iossa, Elisabetta; Martimort, David

doi:10.1111/jpet.12114

Cited by 242 publications

(159 citation statements)

References 65 publications

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“…It has thus been common for governments to request in the contracts that private developers bear the additional cost that might arise from the execution of PPPs. Depending on the type of contract and infrastructure, there may also be incentives for the private partner to under-invest in construction to maximize net returns (Iossa and Martimort, 2015).…”

Section: Box 14 Unsolicited Proposals and Suboptimal Outcomes In Thmentioning

confidence: 99%

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Reyes-Tagle¹

2018

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work is licensed under a Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (https://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of the IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.

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Section: Box 14 Unsolicited Proposals and Suboptimal Outcomes In Thmentioning

confidence: 99%

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Reyes-Tagle¹

2018

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“…Public utilities projects are mostly long-term construction projects, huge investment in public welfare projects, which the government played an indispensable role. However, with the development of the society, the state finance is far from meeting the huge investment demand [1]. At the same time, the government has become a worldwide problem in the high investment, low efficiency and high consumption of resources in public utilities construction.…”

Section: Introductionmentioning

confidence: 99%

Application and Public Sector Focus of Public-Private Partnerships (PPP)

Wang¹

2017

Proceedings of the 2017 4th International Conference on Education, Management and Computing Technology (ICEMCT 2017)

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Abstract. Public-Private Partnerships (PPP) models have been used for a longer period of time in countries around the world, it has become one of the core ideas and measures for many governments to achieve economic goals and enhance public service levels. Although PPP encountered some institutional confusion in China's practice, but China's public sector reform is one of the necessary institutional arrangements. In this paper, the underlying principles and advantages of PPP are introduced based on China's situation, this paper sets out themes which apply to all the various forms of PPP in China. Combined with the development of China's private economy and private capital, we explore the feasibility and advantages of the PPP model in the public sector, as well as the main mode of operation, stakeholder relationship, operational process and risk management.

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“…The optimal structure of procurement contracts between the public and private sector is studied by comparing PPP with traditional public procurement. A principalagent model based on Hart (2003) and Iossa and Martimort (2015) focuses on how bundling affects procurement and shows the advantages PPP has over traditional public procurement in this regard.…”

Section: Enhanced Efficiency and Fiscal Flexibilitymentioning

confidence: 99%

Asian Development Outlook 2017 Update Highlights

2017

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The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.Please contact pubsmarketing@adb.org if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo. Notes:In this publication, "$" refers to US dollars. Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda The outlook for developing Asia supports optimism. Rather than the slight growth moderation forecast in Asian Development Outlook 2017 in April, this Update envisages a slight uptick this year. Growth in the region is set to pick up from 5.8% in 2016 to 5.9% this year and 5.8% in 2018. Excluding the high-income newly industrialized economies, the region is expected to expand by 6.4% in 2017 and 6.3% in 2018. An upturn in global trade is backed by strengthening recovery in the United States, the euro area, and Japan. Robust investments in developing Asia and higher growth in the People's Republic of China contribute to the healthy outlook. Risks to developing Asia's outlook have become more balanced since April. The US Federal Reserve announced its plan to begin winding down the assets it purchased in the wake of the global financial crisis of [2008][2009]. Analysis in the Update notes that clear communication from the Fed has avoided market overaction to the policy change, but authorities in developing Asia nevertheless need to prepare for tighter global liquidity. In an analysis of the business cycle, this Update notes that many economies are still in the accelerating phase...

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The Simple Microeconomics of Public‐Private Partnerships

Cited by 242 publications

References 65 publications

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Application and Public Sector Focus of Public-Private Partnerships (PPP)

Asian Development Outlook 2017 Update Highlights

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