Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Renegotiation Wuthout Holdup Anticipating Spending And Infrastructure Concessions full books in PDF, epub, and Kindle. Read online Renegotiation Wuthout Holdup Anticipating Spending And Infrastructure Concessions ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Eduardo M.R.A. Engel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (15 download)
Download or read book Renegotiation Wuthout Holdup: Anticipating Spending and Infrastructure Concessions written by Eduardo M.R.A. Engel and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eduardo Engel
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (255 download)
Download or read book Renegotiation Without Holdup written by Eduardo Engel and published by . This book was released on 2006 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political incumbents to anticipate infrastructure spending and thereby increase the probability of winning an upcoming election. Contract renegotiations allow administrations to replicate the effects of issuing debt. Yet debt issues are incorporated in the budget, must be approved by Congress and are therefore subject to the opposition's review. By contrast, under current accounting standards the obligations created by renegotiations circumvent the budgetary process in most countries. Hence, renegotiations allow incumbents to spend more without being subject to Congressional oversight.
Author : Carlos Oliveira Cruz
Publisher : Springer Nature
ISBN 13 : 3030612589
Total Pages : 190 pages
Book Rating : 4.0/5 (36 download)
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.
Author : Aikaterini Florou
Publisher : BRILL
ISBN 13 : 9004407472
Total Pages : 261 pages
Book Rating : 4.0/5 (44 download)
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.
Author : Arnold Picot
Publisher : MIT Press
ISBN 13 : 0262330849
Total Pages : 527 pages
Book Rating : 4.2/5 (623 download)
Download or read book The Economics of Infrastructure Provisioning written by Arnold Picot and published by MIT Press. This book was released on 2016-04-29 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexities of financing, installing, implementing, and regulating public infrastructures, including empirical research, analytical models, and theoretical insights. Infrastructures—tangible, intangible, and institutional public facilities, from bridges to health care—are a vital precondition for economic and societal wellbeing. There has been an increasing awareness that we cannot rely on market forces for infrastructure investment and maintenance. In this volume, experts from Europe, North and South America, and Asia examine the complexities of financing, installing, implementing, and regulating public infrastructures. Their contributions span a range of methodological approaches, including historical and empirical research, analytical models, theoretical analysis, and sector and regional case studies; they consider the economics of infrastructure provisioning by government, through private-public partnerships, and privatization arrangements. The book first treats general investment, growth, and policy issues, and then offers sector-specific analyses of transportation, energy, telecommunications, and water infrastructures. The chapters cover topics that include the evolution of historical infrastructure; the relationships between the state and private finance in funding and financing infrastructure; and the relevance of infrastructure for economic growth. Contributors Julio C. Aguirre, Laure Athias, Stephen J. Bailey, Sumedha Bajar, Biswa Nath Bhattacharyay, Federico Boffa, Daniel Danau, Sumit S. Deole, Balázs Egert, Massimo Florio, Stephan Fretz, Asmae El Gallaa, Marco Giorgino, Hugh Goldsmith, Nico Grove, Markus Hofmann, Lynne Kiesling, Johann Kranz, Antonio Nunez, Arnold Picot, Michael Pollitt, Olivier Crespi Reghizzi, Martina Santandrea, Stéphane Straub, Annalisa Vinella
Author : Martin Peitz
Publisher : World Scientific
ISBN 13 : 9814616370
Total Pages : 514 pages
Book Rating : 4.8/5 (146 download)
Download or read book The Analysis Of Competition Policy And Sectoral Regulation written by Martin Peitz and published by World Scientific. This book was released on 2014-07-07 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a selection of papers that were presented at the CRESSE Conferences held in Chania, Crete, from July 6th to 8th, 2012, and in Corfu from July 5th to 7th, 2013. The chapters address current policy issues in competition and regulation. The book contains contributions at the frontier of competition economics and regulation and provides perspectives on recent research findings in the field. Written by experts in their respective fields, the book brings together current thinking on market forces at play in imperfectly competitive industries, how firms use anti-competitive practices to their advantage and how competition policy and regulation can address market failures. It provides an in-depth analysis of various ongoing debates and offers fresh insights in terms of conceptual understanding, empirical findings and policy implications. The book contributes to our understanding of imperfectly competitive markets, anti-competitive practices and competition policy and regulation.
Author : J. Luis Guasch
Publisher : World Bank Publications
ISBN 13 : 9780821357927
Total Pages : 212 pages
Book Rating : 4.3/5 (579 download)
Download or read book Granting and Renegotiating Infrastructure Concessions written by J. Luis Guasch and published by World Bank Publications. This book was released on 2004-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s, infrastructure concessions were hailed as the solution to Latin America's endemic infrastructure deficit, by combining private sector efficiency with rent dissipation brought about by competition. This publication examines the design and implementation of over 1,000 examples of concession contracts, in order to identify the problems that have occurred in the process. It goes on to highlight lessons to be learned for the future, in order to realise the potential benefits of infrastructure reform and to contribute to economic growth and poverty reduction.
Author : Germà Bel
Publisher : Routledge
ISBN 13 : 1317574370
Total Pages : 175 pages
Book Rating : 4.3/5 (175 download)
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.
Author : Bjørn Lomborg
Publisher : Cambridge University Press
ISBN 13 : 1139485075
Total Pages : pages
Book Rating : 4.1/5 (394 download)
Download or read book Latin American Development Priorities written by Bjørn Lomborg and published by Cambridge University Press. This book was released on 2010-01-28 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries in Latin America and the Caribbean have achieved considerable economic growth, yet the region still faces many seemingly intractable problems. The conventional wisdom in development agencies - that prioritization is impossible and that everything must be done - is simply not effective. Latin American Development Priorities shows how limited resources could be used for the greatest benefit of the Latin American and Caribbean region. A panel of economists met over three days in San José to review proposals to tackle the ten most important challenges, which emerged from a survey by the Inter-American Development Bank. The expert panel was asked a question which appears simple but is actually very difficult to answer: What should Latin American governments do with an additional nominal $10 billion? Hard choices are needed if Latin America's problems are to be tackled effectively. This book provides the means to make those choices as objectively as possible.
Author : Eric Brousseau
Publisher : Cambridge University Press
ISBN 13 : 1107053714
Total Pages : 549 pages
Book Rating : 4.1/5 (7 download)
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.
Author : Mr. Jan Kees Martijn
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.4/5 (2 download)
Download or read book The Future of PPPs in the Western Balkans written by Mr. Jan Kees Martijn and published by International Monetary Fund. This book was released on 2023-02-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private Partnerships (PPPs) are increasingly an important vehicle for several Western Balkan countries to increase investment to reduce their infrastructure gaps. While there are benefits to well-designed and implemented PPPs, they also carry a potential for large fiscal risks and increased costs if not managed well. Countries with successful PPP programs typically benefit from a clear and well-designed PPP governance framework, which covers all stages of the PPP life cycle. Western Balkan countries need to address gaps in their PPP governance frameworks to fully reap the potential benefits from PPPs.
Author : Obicci, Peter Adoko
Publisher : IGI Global
ISBN 13 : 1522525041
Total Pages : 383 pages
Book Rating : 4.5/5 (225 download)
Download or read book Risk Management Strategies in Public-Private Partnerships written by Obicci, Peter Adoko and published by IGI Global. This book was released on 2017-03-03 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments around the globe are facing a new framework of service delivery as public-private partnerships become more prevalent. Characterized as an innovative tool for change, this area of socio-economic development is transforming the world economy. Risk Management Strategies in Public-Private Partnerships is an essential reference source for the latest scholarly research on recent developments on the relationships between public agencies and private sectors, and frameworks for effectively managing risk factors. Featuring extensive coverage on a wide variety of topics and perspectives such as service delivery, sustainability, and contractual design, this publication is ideally designed for policy makers, students, and professionals seeking current research on ways to manage problems and challenges in contractual partnerships.
Author : M. Font
Publisher : Springer
ISBN 13 : 1137015764
Total Pages : 318 pages
Book Rating : 4.1/5 (37 download)
Download or read book The State and the Private Sector in Latin America written by M. Font and published by Springer. This book was released on 2015-06-16 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book follows ten political economic histories since the 1970s, showing how different forms of partnership have developed, flourished or declined over the time. The author's argument is supported by rich empirical material. It places partnership schemes in a broader social context and provides a deep insight into the phenomenon.
Author : Matías Herrera Dappe
Publisher : World Bank Publications
ISBN 13 : 1464819386
Total Pages : 221 pages
Book Rating : 4.4/5 (648 download)
Download or read book Off the Books written by Matías Herrera Dappe and published by World Bank Publications. This book was released on 2023-03-20 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending. Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however governments deliver infrastructure—through direct public provision, state-owned enterprises (SOEs), or public-private partnerships (PPPs), the risk of fiscal surprises is high in both good times and bad. As a result, infrastructure service delivery often ends up costing significantly more than expected, eroding limited fiscal space for productive spending. This book makes a unique contribution by quantifying the magnitude and prevalence of fiscal risks from electricity and transport infrastructure and identifying their root causes across a range of low- and middle-income countries. Drawing on important new sources of evidence and compiling many others, the analysis sheds light on how much is at stake in the good governance of infrastructure sectors. It allows policy makers to weigh the magnitudes of different types of risks and examine how they vary across contexts. Off the Books shows how a deeper understanding of the fiscal risks of infrastructure can help policy makers target reforms to areas where they can be expected to have the greatest impact. It lays out a reform agenda for mitigating the fiscal risks associated with infrastructure based on building government capacity; adopting integrated public investment management and integrated fiscal risk management; improving fiscal and corporate governance of SOEs; and ensuring robust PPP preparation, procurement, and contract management. The book will be of enormous value to policy makers, practitioners, and academics who have an interest in infrastructure and fiscal policy.
Author : André de Palma
Publisher : Edward Elgar Publishing
ISBN 13 : 0857930877
Total Pages : 929 pages
Book Rating : 4.8/5 (579 download)
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.
Author : Orazio P. Attanasio
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Intertemporal Consumption Choices, Transaction Costs and Limited Participation to Financial Markets written by Orazio P. Attanasio and published by . This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds a unifying framework that, within the theory of intertemporal consumption choices, brings together the limited participation -based explanation of the poor empirical performance of the C-CAPM and the transaction costs-based explanation of incomplete portfolios. Using the implications of the consumption model and observed household consumption and portfolio choices, we identify the preference parameters of interest and a lower bound for the costs rationalizing non-participation in financial markets, in the presence of unobserved heterogeneity in tastes for consumption and portfolio allocation. Using the US Consumer Expenditure Survey and assuming isoelastic preferences, we estimate the coefficient of relative risk aversion at 1.7 and a cost bound of 0.4 percent of non-durable consumption. Our estimate of the preference parameter is theoretically plausible and the bound sufficiently small to be likely to be exceeded by the actual total (observable and unobservable) costs of participating to financial markets.
Author : John Bound
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)
Download or read book Cohort Crowding written by John Bound and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Analyses of college attainment typically focus on factors affecting enrollment demand, including the financial attractiveness of a college education and the availability of financial aid, while implicitly assuming that resources available per student on the supply side of the market are elastically supplied. The higher education market in the United States is dominated by public and non-profit production, and colleges and universities receive considerable subsidies from state, federal, and private sources. Because consumers pay only a fraction of the cost of production, changes in demand are unlikely to be accommodated fully by colleges and universities without commensurate increases in non-tuition revenue. For this reason, public investment in higher education plays a crucial role in determining the degrees produced and the supply of college-educated workers to the labor market. Using data covering the last half of the twentieth century, we find strong evidence that large cohorts within states have relatively low undergraduate degree attainment, reflecting less than perfect elasticity of supply in the higher education market. That large cohorts receive lower public subsidies per student in higher education explains this result, indicating that resources have large effects on degree production. Our results suggest that reduced resources per student following from rising cohort size and lower state expenditures are likely to have significant negative effects on the supply of college-educated workers entering the labor market"--National Bureau of Economic Research web site.
