Title: The financial determinants of government commitment in public–private partnerships

Authors: Frederic Marty, Sylvie Trosa, Arnaud Voisin

Addresses: CNRS-GREDEG/OFCE, 250, rue Albert Einstein, F-06560 Valbonne, France. ' Ministere des Affaires Sociales, DGAPB, 8, avenue de Segur, F-75350 Paris 07 SP, France. ' Ministere de la Defense, Observatoire Economique de la Defense, Direction des Affaires Financieres, 14, rue Saint Dominique, F-00460 Armees, France

Abstract: Most of the literature devoted to analysing public–private partnership (PPP) contracts focuses on issues related to competition. This article intends to study a less frequently considered matter, the financial clauses of these contracts as steering tools of the PPP.

Keywords: contractual incentives; cost comparisons; public–private partnerships; risk sharing; risk assessment; resource-orientated budgetary framework; contracts; cross-sector collaboration; new public management; financial determinants; government commitment; public policy; financial engineering; performance-related payments; market benchmarking.

DOI: 10.1504/IJPP.2005.007792

International Journal of Public Policy, 2005 Vol.1 No.1/2, pp.41 - 57

Available online: 19 Sep 2005 *

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