The Economics of Public-Private Partnerships

Citations Over TimeTop 10% of 2004 papers

Abstract

Les gouvernements, a l’interieur du Canada et a travers le monde, cherchent de nouveaux moyens de fournir aux contribuables et aux usagers des services publics a moindre cout. Beaucoup d’entre eux ont choisi de former des partenariats secteur public/secteur prive qui impliquent le secteur prive dans une bien plus large mesure. Ce choix est souvent controverse et les debats se constituent regulierement a partir d’une ideologie plutot qu’a partir d’une analyse consciencieuse. Cet article ajoute notre contribution au petit nombre d’etudes d’universitaires consacrees a ce partenariat, en examinant les facteurs economiques qui sont a la base de ces relations, de maniere a decouvrir leurs veritables couts et benefices. L’objectif est de nous aider a mieux comprendre ou et comment ce systeme de partenariat peut constituer une methode efficace pour le developpement des services publics. Governments across Canada and around the world are looking for new ways to deliver public services at lower costs to taxpayers and users. Many have chosen to form public-private partnerships (P3s), involving the private sector to a much greater extent. This choice is often controversial, with the debates routinely driven by ideology more than careful analysis. This paper adds to the limited academic literature on P3s by reviewing the fundamental underlying economics of these relationships to get at their real costs and benefits. The goal is to help us better understand where and how P3s may be an efficient mechanism for the provision

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