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Le cofinancement usager - contribuable et le partenariat public-privé changent les termes de l'évaluation des programmes d'investissement public

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  • Alain Bonnafous
  • Pablo Jensen
  • William Roy

Abstract

While the method described in this article is applicable to various types of public facilities, the focus here is on infrastructure investment in transportation. The authors examine the link between economic and financial assessments. The goal is to optimize social returns as defined in cost-benefit analysis, but making allowance for two overneglected aspects: (1) the fact that most of the large-scale investment projects envisaged will be cofinanced by users and taxpayers, as recent investments have been; (2) the need to think in terms of deciding not only on the best project but also on the best program of projects. This article shows the attractiveness of ?collective utility per public euro invested? as a criterion for measuring the effects of the intensification of the public-finance constraint.

Suggested Citation

  • Alain Bonnafous & Pablo Jensen & William Roy, 2006. "Le cofinancement usager - contribuable et le partenariat public-privé changent les termes de l'évaluation des programmes d'investissement public," Economie & Prévision, La Documentation Française, vol. 0(4), pages 15-30.
    • Handle: RePEc:cai:ecoldc:ecop_175_0015
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    1. James H. Lorie & Leonard J. Savage, 1955. "Three Problems in Rationing Capital," The Journal of Business, University of Chicago Press, vol. 28, pages 229-229.
    2. Patrick Bonnel, 2004. "Prévoir la demande de transport," Post-Print halshs-00077292, HAL.
    3. Alain Bonnafous, 2002. "Les infrastructures de transport et la logique financière du partenariat public-privé : quelques paradoxes," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 173-194.
    4. Alain Bonnafous & Pablo Jensen, 2005. "Ranking Transport Projects by their Socioeconomic Value or Financial Interest rate of return?," Post-Print halshs-00079721, HAL.
    5. Alain Bonnafous, 1999. "Infrastructures publiques et financement privé : le paradoxe de la rentabilité financière," Revue d'Économie Financière, Programme National Persée, vol. 51(1), pages 157-166.
    6. Hugh Everett, 1963. "Generalized Lagrange Multiplier Method for Solving Problems of Optimum Allocation of Resources," Operations Research, INFORMS, vol. 11(3), pages 399-417, June.
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    Cited by:

    1. Jesus Gonzalez-Feliu & Eichi Taniguchi & Bruno Faivre d'Arcier, 2014. "Financing urban logistics projects. From public utility to public-private partnerships," Working Papers halshs-01074619, HAL.
    2. Jesus Gonzalez-Feliu & Pierre Basck & Eleonora Morganti, 2013. "Urban logistics solutions and financing mechanisms: a scenario assessment analysis," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 54, pages 1-11.
    3. Bonnafous, Alain & Crozet, Yves, 2018. "Consumer surplus and pricing of transport infrastructures: The legacy of Jules Dupuit," Transport Policy, Elsevier, vol. 70(C), pages 8-13.

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