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IPPP: Risks and Opportunities, An Economic Perspective

Julie de Brux, Frédéric Marty

This article analyzes some of the issues raised by institutionalized public-private partnerships in an economic perspective.We demonstrate that although they may address some of the main limits of purely contractual public-private partnerships, such as the issues of control, know-how transfer, or additional financial cost, they may induce some intrinsic risks related to alterations of the contractual incentive structure and judicial challenges. Based on economic theor


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