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Institute for Regenerative Systems Architecture^™IRSA^™Catalysing systems designed for renewal

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Catalysing systems designed for renewal.

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Academic Concepts

Why Do Public-Private Partnerships Fail?

Definition

PPPs fail due to structural asymmetries: private partners optimise for contract duration while public partners bear generational consequences. Contract incompleteness, temporal mismatch, and accounting blind spots make failure predictable. IRSA's PPP Series provides comprehensive diagnosis and architectural remedies.

Example

A 30-year infrastructure PPP delivers poor value because the private operator optimised for contract returns while deferring maintenance. The failure was architectural, not managerial. See: PPP Series, Temporal Asymmetry.

Source

See: PPP Series, Why Contracts Fail, Temporal Asymmetry

Related Terms from Academic Concepts

Principal-Agent Problem

Institutional Decay

Collective Action Problem

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