LEADER 06727oam 22015374 450 001 9910960077403321 005 20250426110552.0 010 $a9786612843884 010 $a9781462341641 010 $a1462341640 010 $a9781452760155 010 $a1452760152 010 $a9781451873245 010 $a1451873247 010 $a9781282843882 010 $a1282843885 035 $a(CKB)3170000000055327 035 $a(EBL)1608406 035 $a(SSID)ssj0000939953 035 $a(PQKBManifestationID)11483762 035 $a(PQKBTitleCode)TC0000939953 035 $a(PQKBWorkID)10956165 035 $a(PQKB)11149947 035 $a(OCoLC)450074971 035 $a(IMF)WPIEE2009177 035 $a(MiAaPQ)EBC1608406 035 $a(IMF)WPIEA2009177 035 $aWPIEA2009177 035 $a(EXLCZ)993170000000055327 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTowards a Principal-Agent Based Typology of Risks in Public-Private Partnerships /$fAndré De Palma, Guillaume Prunier, Luc Leruth 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (25 p.) 225 1 $aIMF Working Papers 300 $aAt head of title: Offices in Europe. 300 $a"August 2009." 311 08$a9781451917505 311 08$a1451917503 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. The development of PPPs; III. Risk sharing, asymmetry of information, and perception biases; A. Asymmetry of information; Tables; 1. A Basic Matrix for Risk-Sharing in PPPs; B. Perception Biases; IV. A principal-agent approach to PPPs; Figures; 1. Perception Biases; 2. The Principal-Agent Framework; V. PPP risks and a typology; 2. Typology of Risks in PPPs; VI. Conclusions; References 330 3 $aThere is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or P3s). We describe these arrangements and explore how they can be analyzed using standard tools in economics (incentives and principal-agent theory). We discuss the implications of our approach in terms of identifying risks that are often overlooked before turining to the optimal risk-sharing between the public and private partners, in particular with respect to information asymmetries in risk perceptions. This allows us to propose a typology of the risks associated with PPPs, where both internal risks (the risks associated with the contract) and external risks (those associated with the project) are considered. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/177 606 $aPublic-private sector cooperation 606 $aPrivatization 606 $aRisk management 606 $aAdministrative Processes in Public Organizations$2imf 606 $aAsymmetric and Private Information$2imf 606 $aBureaucracy$2imf 606 $aCivil service & public sector$2imf 606 $aCorruption$2imf 606 $aEconomic sectors$2imf 606 $aExpenditure$2imf 606 $aFinance, Public$2imf 606 $aFiscal policy$2imf 606 $aIndustry Studies: Transportation and Utilities: General$2imf 606 $aInfrastructure$2imf 606 $aMacroeconomics$2imf 606 $aMarketing and Advertising: Government Policy and Regulation$2imf 606 $aNational accounts$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOrganizational Behavior$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aProperty Rights$2imf 606 $aPublic Administration$2imf 606 $aPublic Enterprises$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aPublic financial management (PFM)$2imf 606 $aPublic investment and public-private partnerships (PPP)$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aPublic sector$2imf 606 $aPublic-Private Enterprises$2imf 606 $aPublic-private sector cooperation$2imf 606 $aRisks of public-private partnership$2imf 606 $aSaving and investment$2imf 606 $aTransaction Costs$2imf 606 $aTransportation Systems: Government and Private Investment Analysis$2imf 606 $aTransportation$2imf 607 $aUnited States$2imf 615 0$aPublic-private sector cooperation. 615 0$aPrivatization. 615 0$aRisk management. 615 7$aAdministrative Processes in Public Organizations 615 7$aAsymmetric and Private Information 615 7$aBureaucracy 615 7$aCivil service & public sector 615 7$aCorruption 615 7$aEconomic sectors 615 7$aExpenditure 615 7$aFinance, Public 615 7$aFiscal policy 615 7$aIndustry Studies: Transportation and Utilities: General 615 7$aInfrastructure 615 7$aMacroeconomics 615 7$aMarketing and Advertising: Government Policy and Regulation 615 7$aNational accounts 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOrganizational Behavior 615 7$aOther Public Investment and Capital Stock 615 7$aProperty Rights 615 7$aPublic Administration 615 7$aPublic Enterprises 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aPublic financial management (PFM) 615 7$aPublic investment and public-private partnerships (PPP) 615 7$aPublic Sector Accounting and Audits 615 7$aPublic sector 615 7$aPublic-Private Enterprises 615 7$aPublic-private sector cooperation 615 7$aRisks of public-private partnership 615 7$aSaving and investment 615 7$aTransaction Costs 615 7$aTransportation Systems: Government and Private Investment Analysis 615 7$aTransportation 676 $a332.1;332.152 700 $aDe Palma$b André$0798109 701 $aLeruth$b Luc$0608957 701 $aPrunier$b Guillaume$01816243 712 02$aInternational Monetary Fund.$bOffices in Europe. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910960077403321 996 $aTowards a Principal-Agent Based Typology of Risks in Public-Private Partnerships$94372058 997 $aUNINA