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Section: New Results

Public Private Partnerships

Participants : Gilles Edouard Espinosa, Caroline Hillairet, Benjamin Jourdain, Monique Pontier.

With Gilles Edouard Espinosa, Caroline Hillairet and Monique Pontier, Benjamin Jourdain is interested in the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the exploitation. They prove the existence of Stackelberg and Nash equilibria between the firm and the private consortium, in both situations. They compare the benefits of these contracts.They conclude with a study of what happens in case of incomplete information, in the sense that the risk aversion coefficient of each partner may be unknown by the other partner [51] .