A public-private partnership (PPP) is a contractual arrangement with appropriate risk sharing between public and private partners for the delivery of public infrastructure or services, which is intended to create value-for-money to the taxpayer. The Routledge Companion to Public-Private Partnerships provides a cutting-edge survey of the field.
PPPs remain a highly controversial subject matter globally and this comprehensive and authoritative volume provides a terrific compendium of information for students and scholars charged with understanding, critiquing and advancing this model. With sections devoted to legal aspects, institutional economics perspectives, finance and accountability - the editors draw together an impressive range of contributors from around the world.
Table of Contents
Part I: General Introduction to Public-Private Partnerships 1. Introduction (Etienne B. Yehoue and Piet de Vries) 2. The Modern Public-Private Demarcation: History of and Trends in PPP (Piet de Vries) Part II: Law and Public-Private Partnerships 3. Legal Framework for Successful Public-Private Partnerships (Cesar Queiroz and Alejandro Lopez Martinez) 4. National Institutional Setting, Macroeconomic Stability and Public-Private Partnerships (Etienne B. Yehoue) 5. The Institutional Environment for Public-Private Partnerships: The case of Mexico and Brazil (David Bloomgarden and Dennis A. Blumenfeld) Part III: Institutional Economics and Public-Private Partnerships 6. Risk Allocation, Transaction Cost Economics and PPP (Xiao-Hua Jin) 7. Incomplete Contracts and Public-Private Partnerships (Gordon Rausser and Holly Ameden) 8. Is Public-Private Partnerships Obsolete? Assessing the Obstacles and Shortcomings of PPP (Claude Ménard) 9. Game Theory and PPP (S. Ping Ho) 10. Corruption and Public- Private Partnerships (Elisabetta Iossa) Part IV: Financing and Public-Private Partnerships 11. PPPs and Project Finance (E.R Yescombe) Part V: Public Sector Economics and Public-Private Partnerships 12. Risk Allocation Model (RA Model): The Critical Success Factor for Public- Private Partnerships (G. Girmscheid) 13. Public Budget Norms and PPP: An anomaly (Piet de Vries) Part VI: Recent Financial Crisis and Public-Private Partnerships 14. Weathering the Financial Crisis: Public-Private Partnerships and the Government Response (Philippe Burger, Justin Tyson, Izabella Karpowicz and Maria Coelho) 15. Financial and Sovereign Debt Crises and PPP Market Structure (Etienne B. Yehoue) Part VII: Governance of Public-Private Partnerships 16. Partnerships Arrangements in Public-Private Partnerships: Insights from Irish Road Public-Private Partnerships (Istemi Demirag and Richard Burke) 17. On the Perception and Management of Legal Risks in Public-Private Partnerships for Infrastructure (Yiannis Xenidis) Part VIII: Accountability, Auditing and Assessment of Public-Private Partnerships 18. Accountability and Accounting for PPPs (Ron Hodges) 19. Accountability and Public-Private Partnership Contracts: Un Mariage de Convenance? (Istemi Demirag and Iqbal Kharadoo) 20. Public-Private Partnerships: International Auditing Findings (Ineke Boers, Freek Hoek, Cor van Montfort and Jan Wieles)
Piet de Vries is Assistant Professor of Accounting and Finance at The University of Twente, the Netherlands
Etienne B. Yehoue is a Senior Financial Economist with the International Monetary Fund, USA
'An excellent informative and comprehensive resource for academics involved in researching the many public law, finance, accounting, governance and management aspects of global Public-Private Partnerships.'
Anne Stafford, Manchester Business School, UK
'The Routledge Companion to Public–Private Partnerships is a superb multi-disciplinary point of reference on the phenomenon of public private partnerships by providing a reflective, authoritative and comprehensive exposition of legal, management and economic aspects of public-private partnerships as an instrument of public sector management and by offering a most valuable contribution to the understanding of current and future regulatory developments. '
Professor Christopher H. Bovis, University of Hull, UK