The Economics of Public-Private Partnerships

1. Front Matter

   Pages i-ix

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2. Introduction: The Economics of Public–Private Partnerships

   • Julie de Brux, Stéphane Saussier

   Pages 1-13

3. Definitions, Scope and Economic Analysis of PPPs

   1. Front Matter

      Pages 15-15

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   2. An Economic Analysis of Public–Private Partnerships

      • Jean Beuve, Stéphane Saussier, Julie de Brux

      Pages 17-38

   3. Regulatory Instruments for Public–Private Partnerships

      • Lisa Chever, Aude Le Lannier

      Pages 39-77

   4. The Evolution of Financing Conditions for PPP Contracts: Still a Private Financing Model?

      • Frédéric Marty

      Pages 79-109

4. An Empirical Analysis of PPPs

   1. Front Matter

      Pages 111-111

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   2. The Relative Efficiency of Competitive Tendering

      • Laure Athias, Lisa Chever

      Pages 113-133

   3. Renegotiating PPP Contracts: Opportunities and Pitfalls

      • Jean Beuve, Aude Le Lannier, Zoé Le Squeren

      Pages 135-162

   4. Comparative Performances of Delivery Options: Empirical Lessons

      • Miguel Amaral, Eshien Chong, Stéphane Saussier

      Pages 163-201

   5. Horizontal and Vertical Agreements in PPPs

      • John Moore, Carine Staropoli

      Pages 203-240

This book investigates the economic decisions behind the implementation of public-private partnerships (PPPs). The first part of the book discusses different forms of public procurement contracts, in particular in France and the UK, and provides an economic analysis of the potential advantages and pitfalls of public-private partnerships. This exploration of PPPs’ efficiency also includes an examination of the financing conditions of public procurements, as well as regulatory requirements. By reviewing empirical studies on PPPs, the second part of the book compares their advantages over purely public solutions and offers practical guidance on their implementation. Practitioners will also learn best practices on how to involve stakeholders in calls for bids.

• Public-private partnership
• Economic decisions and choices
• Public procurement
• Contrats de Partenariat in France
• Private Finance Initiative in the UK
• Incentive contracts
• Outsourcing of public services

• IAE Sorbonne Business School, Paris, France

  Stéphane Saussier

• CITIZING, Paris, France

  Julie de Brux

Stéphane Saussier is a Professor of Economics at the IAE de Paris, Université de Paris 1 Panthéon Sorbonne where he has held a research chair in the economics of public-private partnerships since 2009. He has published over 50 articles, many of which in international journals. He worked for several years as a scientific adviser at the Conseil d’Analyse Economique (Council of Economic Analysis), a body attached to the Prime Minister. He is also regularly called on as an independent expert to international organizations such as the OECD or the European Parliament. 

Julie de Brux holds a PhD in Economics and she is an associate research fellow at the research chair in economics of public-private partnerships, Sorbonne Business School.  She is also a member of the Business Advisory Board on PPPs at the United Nations Economic Commission for Europe. As a practitioner, she worked during more than 10 years in the construction industry and in international organisations on improving the collective efficiency of PPPs. For two years now, she has been head of the practice on socio-economic evaluation of public investment and policies at Citizing. She has worked in more than 10 countries.