Towards a principal-agent based typology of risks in public-private partnerships [[electronic resource] /] / prepared by André de Palma, Luc Leruth and Guillaume Prunier

• Autore: De Palma André <1952->
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, c2009
• Descrizione fisica: 1 online resource (25 p.)
• Soggetto topico: Public-private sector cooperation; Privatization; Risk management
• Soggetto genere / forma: Electronic books.
• Altri autori: LeruthLuc PrunierGuillaume
• Note generali: At head of title: Offices in Europe.; "August 2009."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; 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
• Sommario/riassunto: 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 p
• Titolo autorizzato: Towards a principal-agent based typology of risks in public-private partnerships
• ISBN: 1-4623-4164-0; 1-4527-6015-2; 9786612843884; 1-4518-7324-7; 1-282-84388-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464009203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/09/177.