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Multidimensionality And Renegotiation
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Book Synopsis Multidimensionality and Renegotiation by : Antonio Estache
Download or read book Multidimensionality and Renegotiation written by Antonio Estache and published by . This book was released on 2016 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem.
Book Synopsis Multidimensional Screening, Observability and Contract Renegotiation by : Mathias François Dewatripont
Download or read book Multidimensional Screening, Observability and Contract Renegotiation written by Mathias François Dewatripont and published by . This book was released on 1992 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Renegotiations of Public Private Partnerships in Transportation by : Carlos Oliveira Cruz
Download or read book The Renegotiations of Public Private Partnerships in Transportation written by Carlos Oliveira Cruz and published by Springer Nature. This book was released on 2021-02-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a theoretical basis for understanding the phenomenon of renegotiations in Public Private Partnerships (PPPs). It analyzes the case of transport projects, and provides empirical evidence from a variety of real-world projects. What drives renegotiations? Why are some projects more likely to be renegotiated than others? What are the outcomes? How can we improve the performance of renegotiation processes? These questions form the core of discussion in this book. PPPs are a procurement model for the delivery of infrastructure and public services that have experienced significant growth over the last three decades, particularly in terms of the development of transportation projects. The empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. The impacts of these changes on the welfare of the respective stakeholders are frequently asymmetric. Most academic research and professional guidelines are focused on PPP contract design and preparation of the procurement process, and very little has been published on the management and, mainly, the process of renegotiating that will – in all likelihood – occur. This book fills this gap in the academic discussion. Several country-based analyses and case studies from Europe and the Americas provide the reader with practical applications of the theory.
Book Synopsis Public Private Partnerships Renegotiations in Transportation by : Carlos Oliveira Cruz
Download or read book Public Private Partnerships Renegotiations in Transportation written by Carlos Oliveira Cruz and published by Springer Nature. This book was released on 2022-05-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a growing interest in Public-Private Partnerships (PPPs), particularly in infrastructure and public services. Under the scope of PPPs, renegotiations are becoming more relevant, as empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. Renegotiations have a substantial impact on the contract and performance of a PPP and usually represent significant costs for users and taxpayers. However, very little is known about the management and, mainly, the process of renegotiating that will, very likely, occur. This book provides a set of case-studies of PPP renegotiations in the transport sector. The authors illustrate the Portuguese experience, a country that has been using PPP extensively, particularly in transport. The case studies provide an extensive and detailed analysis on each aspect of the project and the renegotiation. What drives renegotiations? Why are some projects more renegotiated than others? What are the results? How can the performance of renegotiation processes be improved? These and other questions provide the basis for the discussions in this book. The novelty and value of the book come mainly from the extent of information available. Each case-study deals with these questions in much more detail than what is common in the case-studies approach.
Book Synopsis Contractual Renegotiations and International Investment Arbitration by : Aikaterini Florou
Download or read book Contractual Renegotiations and International Investment Arbitration written by Aikaterini Florou and published by BRILL. This book was released on 2020-03-02 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Contractual Renegotiations and International Investment Arbitration, Aikaterini Florou explores the complex phenomenon of the renegotiation of investor-state contracts. The author reconstructs the relationship between those contracts and the overarching investment treaties using an original interpretative methodology based on transaction cost economics and relational contract theory.
Book Synopsis The Internationalization of Government Procurement Regulation by : Aris Georgopoulos
Download or read book The Internationalization of Government Procurement Regulation written by Aris Georgopoulos and published by Oxford University Press. This book was released on 2017-02-16 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: As governments are major buyers of goods and services, foreign companies are keen to be able to participate in procurement opportunities on an equal footing with national firms. This has given rise to the inclusion of procurement disciplines in trade agreements and to internationally-agreed good regulatory practices in this important policy area. The contributions to this book examine how the dynamic mix of bilateral, regional, plurilateral and international norms on government procurement is reflected in purchasing practices at the national level and whether these are leading to convergence in policies and approaches. The countries studied span both advanced, high-income economies and emerging economies. Some are members of the WTO procurement agreement, others are not. Most WTO members have decided not to commit to binding international disciplines on procurement in trade agreements. This book explores whether there has been nonetheless internationalization of good procurement practices, and what current public purchasing processes suggest as regards the value added of signing on to binding rules of the game in this area. The approach taken in the volume is interdisciplinary. Contributors include economists, political scientists, legal scholars, and practitioners with a solid understanding of both the extant international disciplines and national government procurement policies. Each chapter assesses the current state of play as regards legislation and procurement practices; the degree to which industrial policy considerations feature in the relevant regulatory frameworks; the existence and use of domestic dispute resolution and review procedures that allow firms to contest the behavior of procuring entities; and the availability of data on procurement processes and outcomes.
Book Synopsis The Economics of Public-Private Partnerships by : Eduardo Engel
Download or read book The Economics of Public-Private Partnerships written by Eduardo Engel and published by Cambridge University Press. This book was released on 2014-09-15 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments typically build and maintain public infrastructure, which they fund through taxes. But in the past twenty-five years, many developing and advanced economies have introduced public-private partnerships (PPPs), which bundle finance, construction, and operation into a long-term contract with a private firm. In this book, the authors provide a summary of what they believe are the main lessons learned from the interplay of experience and the academic literature on PPPs, addressing such key issues as when governments should choose a PPP instead of a conventional provision, how PPPs should be implemented, and the appropriate governance structures for PPPs. The authors argue that the fiscal impact of PPPs is similar to that of conventional provisions and that they do not liberate public funds. The case for PPPs rests on efficiency gains and service improvements, which often prove elusive. Indeed, pervasive renegotiations, faulty fiscal accounting, and poor governance threaten the PPP model.
Book Synopsis Emerging Issues in Competition, Collusion, and Regulation of Network Industries by : Antonio Estache
Download or read book Emerging Issues in Competition, Collusion, and Regulation of Network Industries written by Antonio Estache and published by CEPR. This book was released on 2011 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive review of the vast economic literature covering the governance issues of network industries and suggests paths to improve their efficiences.
Book Synopsis Public-Private Partnerships: Infrastructure, Transportation and Local Services by : Germà Bel
Download or read book Public-Private Partnerships: Infrastructure, Transportation and Local Services written by Germà Bel and published by Routledge. This book was released on 2016-04-14 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public–private partnerships (PPPs) are arrangements between government and private actors with the objective of providing public infrastructure, facilities and services. Three fundamental questions frame the use of PPPs at the local level: What do PPPs look like? What gives rise to the use of PPPs? And, what are the outcomes of PPPs? The articles in this book provide insightful answers to these questions. In addition, the contributions in the book identify lines of research that invite further investigation, namely: problems related to the degree of risk transfer; the challenges posed by renegotiation; and evaluation of PPPs’ results. The content of this book will be of interest for scholars, policy analysts, and policy makers. This book was published as a special issue of Local Government Studies.
Book Synopsis Sustainable High Volume Road and Rail Transport in Low Income Countries by : Michael Burrow
Download or read book Sustainable High Volume Road and Rail Transport in Low Income Countries written by Michael Burrow and published by MDPI. This book was released on 2021-01-13 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Special Issue presents an in-depth analysis of transport research commissioned by the UK Department for International Development under the High Volume Transport Programme (2017-2023). The analysis done in the period 2018-2019 contributes to the UK response to improving transport in the low-income countries in Africa and South Asia. As a result, key priorities have been identified for applied research in 2020 to make road, rail and urban transport more efficient and affordable, and all transport greener, safer and more inclusive for all users. This applied research is a vital link in making transport a sustainable lifeline for people in low-income countries, because transport gives farmers and manufacturers access to domestic and international markets and people in rural and urban areas access to schools and health services.
Book Synopsis The Manufacturing of Markets by : Eric Brousseau
Download or read book The Manufacturing of Markets written by Eric Brousseau and published by Cambridge University Press. This book was released on 2014-05-22 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars from law, political science and economics explore the challenges in designing efficient markets in both private and public sector.
Book Synopsis Law and Economics of Public Procurement Reforms by : Gustavo Piga
Download or read book Law and Economics of Public Procurement Reforms written by Gustavo Piga and published by Routledge. This book was released on 2017-10-03 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Appropriate laws and regulations are essential tools to direct the action of procurers toward the public good and avoid corruption and misallocation of resources. Common laws and regulations across regions, nations and continents potentially allow for the further opening of markets and ventures to newcomers and new ideas to satisfy public demand. Law and Economics of Public Procurement Reforms collects the original contributions related to the new European Union Directives approved in 2014 by the EU Parliament. They are of both economists and lawyers, and have been presented in a manner that allows for exchanges of views and "real time" interaction. This book features, for each section, an introductory exchange between two experts of different disciplines, made up of a series of sequential interactions between an economist and a lawyer, which enriches the liveliness of the debate and improve the mutual understanding between the two professions. Four sections characterize this book: Supporting social considerations via public procurement; Green public procurement; Innovation through innovative partnerships; and Lots - The Economic and Legal Challenges of Centralized Procurement. These themes have current relevance of the new European Public Procurement Directives. Written by an impressive array of experts in their respected fields, this volume is of great importance to practitioners who work in the field of EU public procurement in the Member States of the EU, as well as academics and students who study public finance, public policy and regulation.
Book Synopsis The Economics of Public-Private Partnerships by : Stéphane Saussier
Download or read book The Economics of Public-Private Partnerships written by Stéphane Saussier and published by Springer. This book was released on 2018-01-03 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the economic decisions behind the implementation of public-private partnerships (PPPs). The first part of the book discusses different forms of public procurement contracts, in particular in France and the UK, and provides an economic analysis of the potential advantages and pitfalls of public-private partnerships. This exploration of PPPs’ efficiency also includes an examination of the financing conditions of public procurements, as well as regulatory requirements. By reviewing empirical studies on PPPs, the second part of the book compares their advantages over purely public solutions and offers practical guidance on their implementation. Practitioners will also learn best practices on how to involve stakeholders in calls for bids.
Download or read book 3-d Negotiation written by David A. Lax and published by Harvard Business Press. This book was released on 2006-08-24 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: When discussing being stuck in a "win-win vs. win-lose" debate, most negotiation books focus on face-to-face tactics. Yet, table tactics are only the "first dimension" of David A. Lax and James K. Sebenius' pathbreaking 3-D Negotiation (TM) approach, developed from their decades of doing deals and analyzing great dealmakers. Moves in their "second dimension"—deal design—systematically unlock economic and noneconomic value by creatively structuring agreements. But what sets the 3-D approach apart is its "third dimension": setup. Before showing up at a bargaining session, 3-D Negotiators ensure that the right parties have been approached, in the right sequence, to address the right interests, under the right expectations, and facing the right consequences of walking away if there is no deal. This new arsenal of moves away from the table often has the greatest impact on the negotiated outcome. Packed with practical steps and cases, 3-D Negotiation demonstrates how superior setup moves plus insightful deal designs can enable you to reach remarkable agreements at the table, unattainable by standard tactics.
Book Synopsis The Infrastructure We Ride On by : Joseph Berechman
Download or read book The Infrastructure We Ride On written by Joseph Berechman and published by Springer. This book was released on 2018-04-13 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope (“mega-projects”) reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.
Book Synopsis Public Private Partnerships in Transport by : Athena Roumboutsos
Download or read book Public Private Partnerships in Transport written by Athena Roumboutsos and published by Routledge. This book was released on 2015-07-28 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last thirty years Public Private Partnerships (PPPs) have been used to deliver transport capital projects and services. PPPs are complex arrangements that require a multi-disciplinary approach in order to assure their success, though research on the subject has been fragmented. This book fills the gap in existing literature by providing insight into these complex arrangements at their various stages of development. Public Private Partnerships in Transport: trends and theory is structured to follow the life-cycle of a PPP project and strikes a balance between theory and practice. Divided into four parts, each section highlights major concerns and offers and array of views and policy recommendations. Parts include context for national implementation, decision models, performance measures and efficiency standards. This book includes an expanded discussion on the findings presented, discussed and analysed at the closing event of the COST Action TU1001 network on the topic of PPPs in transport. The result will be of significant interest to the academic community, policy makers and practitioners.
Book Synopsis A Handbook of Transport Economics by : André de Palma
Download or read book A Handbook of Transport Economics written by André de Palma and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This Handbook is a stellar compilation of up-to-date knowledge about the important topics in transport economics. Authors include the very best in the field, and they cover the most important topics for today's research and policy applications. Individual chapters contain sound, readable, well referenced explanations of each topic's history and current status. I cannot think of a better place to start for anyone wanting to become current in the field or in any of its parts.' – Kenneth Small, University of California-Irvine, US Bringing together insights and perspectives from close to 70 of the world's leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics. The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport. This Handbook is designed both for use on postgraduate and advanced undergraduate courses and as a reference for anyone working in the field. It also complements the textbook Principles of Transport Economics.
