PARTENARIATI PUBBLICO-PRIVATI PER INVESTIMENTI E SERVIZI

Students will acquire knowledge, skills and competences useful for the analysis and economic-financial evaluation of the forms of interaction between the public sector and businesses, with a particular focus on public-private contracts for the realization of public investments and the provision of services of general interest.

Knowledge and understanding of the economics of public-private partnerships for investments and public services; Ability to apply knowledge and understanding, particularly, in the context of case studies analyzed in classes; Ability to identify and collect useful data to develop a constructive analysis of relevant case studies; Ability to communicate the results of original analysis to colleagues and organize proper communication to external audiences; Learning new skills that are useful to carry out individual study and diffuse knowledge to external audiences.

Knowledge and understanding of the economics of public-private partnerships for investments and public services; Ability to apply knowledge and understanding, particularly, in the context of case studies analyzed in classes; Ability to identify and collect useful data to develop a constructive analysis of relevant case studies; Learning new skills that are useful to carry out individual study and diffuse knowledge to external audiences.

Analysis of the economic underpinnings of different forms of interaction between the public sector and businesses, with focus on public-private contracts for the realization of public investments and the provision of services of general interest. These are fundamental tools for the realization of various economic, industrial, environmental and social policy objectives. The pursuit of the efficiency and social sustainability as objectives of public intervention is limited by institutional and information constraints that determine procedural rigidities, poor measurability of ex-post performance and agency problems (e.g. opportunism, favoritism, corruption, clientelism). Introduction of the main tools for the analysis of the considered issue, with particular focus on case studies and on the main assessment techniques. Focus on the methods of selection of the private partner. Analysis of the Italian regulation and its implications in terms of practical applications.

The compulsory materials for the preparation of the exam as an attending student are listed hereafter: - Course slides (provided by the Instructor); - Dosi et al. (2003). La Valutazione dei progetti d'investimento pubblici. Linee Guida. Quaderni del NUVV ‐ 1. Regione del Veneto. (available with the course materials, henceforth: Dosi et al. 2003); - DG Politica Regionale e Urbana, Commissione Europea (2015). Guida all’analisi costi-benefici dei progetti di investimento. Chapt. 1-2 (available with the course materials, henceforth: EC 2015); - Engel, E., Fischer, R.D. and A. Galetovic (2014). The Economics of Public-Private Partnerships. A Basic Guide. Cambridge University Press. (available with the course materials, henceforth: EFG 2014); - Greco L. (2018). “Public-Private Partnerships". In: Marciano A., Ramello G. (eds) Encyclopedia of Law and Economics. Springer. (available with the course materials, henceforth: Greco 2018); - AAVV (2022). Climate Toolkits for Infrastructure PPPs. The World Bank Group (available with the supplementary course materials). Compulsory materials for the preparation of the exam as a non-attending student are listed hereafter: - all documents indicated for attending students; - Auriol, E., and S. Saussier (2025). Private participation in Infrastructure. What role for Public-Private Partnerships?, LTI Report IV, CEPR (available with the course materials on My Luiss); - Engel, E., Fischer, R.D. and A. Galetovic (2020). When and how to use public-private partnerships in infrastructure: Lessons from the international experience, NBER Working Paper 26766, February 2020 (available with the course materials on My Luiss); - Grout P.A. (2009). Private Delivery of Public Services, CMPO Report (available with the course materials on My Luiss); - DG Politica Regionale e Urbana, Commissione Europea (2015). Guida all’analisi costi-benefici dei progetti di investimento. Chapt. 1-2 and Annexes I-IX (available with the course materials, henceforth: EC 2015); - DG Politica Regionale e Urbana, Commissione Europea (2021). Economic Appraisal Vademecum 2021-2027 - General Principles and Sector Applications Part 1 (available with the supplementary course materials).

Lectures, exercises, discussion on case studies.

Attending students: 1) Continuous assessment a) Test 1: in the fifth course week, test to support attendance on electronic platform concerning the compulsory reading materials of the first four course weeks (possibility of gaining bonus points); b) Test 2: in the ninth course week, test on electronic platform concerning the compulsory reading materials of the first eight course weeks (1/3 of the final mark excluding bonus points, if any). 2) Final exam (2/3 of the final evaluation excluding bonus points, if any) Written exam concerning all the compulsory reading materials of the course Non-attending students: Written exam concerning all the compulsory reading materials intended for non-attending students (as indicated in this syllabus).

A topic will be assigned for preparation of the thesis to interested students who received a mark of at least 27/30 to the exam.