A paper published in the vol 51 of the Internationatl Journal of Industrial Organization and co-authored with Phuong-Tra Tran and Marco Buso on the decision parameters to commit into a PPP scheme.
Buso M., Marty F., and Tran P-T, (2017), “Public-Private Partnerships from Budget Constraints: Looking for Debt Hiding?”, International Journal of
Industrial Organization, volume 51, pp.56-84
The use of Public-Private Partnerships (PPPs) to realize and operate public
infrastructures is often associated with fiscal-circumventing motivations. Using
data at the municipal level, this paper investigates whether budget-constrained
public authorities adopt PPPs in order to hide public debt. The results show that
financial difficulties often lead to a preference for PPPs instead of traditional
forms of public procurement, but this behaviour is not explained by the possibility
of debt-hiding. Explanations for these findings are discussed.
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