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|c 5.00 USD
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|z 9781451873245
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a De Palma, Andre.
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|a Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships /
|c Andre De Palma, Guillaume Prunier, Luc Leruth.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (23 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or P3s). 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 turining 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.
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|a Mode of access: Internet
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|a United States
|2 imf
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|a Leruth, Luc.
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|a Prunier, Guillaume.
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|a IMF Working Papers; Working Paper ;
|v No. 2009/177
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/177/001.2009.issue-177-en.xml
|z IMF e-Library
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