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The Impact Of Incomplete Contracts On Long Term Infrastructure Concessions
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Book Synopsis The Impact of “incomplete Contracts” on Long-term Infrastructure Concessions by : Ricardo Sánchez
Download or read book The Impact of “incomplete Contracts” on Long-term Infrastructure Concessions written by Ricardo Sánchez and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Provision of infrastructure services is one of the development bottlenecks for Latin American and Caribbean countries. As the Infrastructure Services Unit team has found in its analysis and has warned for many years, policies in the region have been characterized by underinvestment, fragmentation, and a lack of resilience-related sustainability, to name but a few qualities.This issue of the bulletin addresses potential problems with long-term infrastructure concession agreements, drawing on theoretical developments regarding incomplete contracts. It offers a preliminary examination of specific problems that could be remedied by applying economic theory, highlighting potential risks in public-private partnerships (PPPs) based on experience in the region and economic theory, with a view to preventing concession agreements from being distorted owing to their incomplete nature.
Book Synopsis Concession Contract Renegotiations by : Antonio Estache
Download or read book Concession Contract Renegotiations written by Antonio Estache and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
Book Synopsis Granting and Renegotiating Infrastructure Concessions by : J. Luis Guasch
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.
Book Synopsis Renegotiating Incomplete Contracts by : Eduardo Saavedra
Download or read book Renegotiating Incomplete Contracts written by Eduardo Saavedra and published by . This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renegotiating Incomplete Contracts by : Eduardo Saavedra Parra
Download or read book Renegotiating Incomplete Contracts written by Eduardo Saavedra Parra and published by . This book was released on 1997 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bidding for Concessions by : Michael Klein
Download or read book Bidding for Concessions written by Michael Klein and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure concession contracts set out the performance obligations and rights of concessionaires and the incentives and risks under which they operate, including pricing arrangements. The clarity with which these terms can be defined determines whether there is likely to be renegotiations after contract award, which may undermine the significance of the initial auction. The design of incentives and risk allocation will affect first the intensity of competition and then the sustainability of the original contract. This Note examines these issues.
Book Synopsis The Applied Law and Economics of Public Procurement by : Gustavo Piga
Download or read book The Applied Law and Economics of Public Procurement written by Gustavo Piga and published by Routledge. This book was released on 2013-05-07 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores Public Procurement novelties and challenges in an interdisciplinary way. The process whereby the public sector awards contracts to companies for the supply of works, goods or services is a powerful instrument to ensure the achievement of new public goals as well as an efficient use of public funds. This book brings together the papers that have been presented during the "First Symposium on Public Procurement", a conference held in Rome last summer and to be repeated again yearly. As Public Procurement touches on many fields (law, economics, political science, engineering) the editors have used an interdisciplinary approach to discuss four main topics of interest which represent the four different parts in which this book is divided: Competitive dialogue and contractual design fostering innovation and need analysis, Separation of selection and award criteria, including exclusion of reputation indicators like references to experience, performance and CV’s from award criteria, Retendering a contract for breach of procurement rules or changes to contract (contract execution), Set-asides for small and medium firms, as in the USA system with the Small Business Act that reserves shares of tenders to SMEs only.
Book Synopsis Infrastructure Regulation by : Darryl S. L. Jarvis
Download or read book Infrastructure Regulation written by Darryl S. L. Jarvis and published by World Scientific. This book was released on 2011 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of public infrastructure has been a topic of interest for more than a century. Yet, little is known about what works and why, when it comes to infrastructure regulation. This book intends to contribute to the understanding of infrastructure regulations by analyzing empirical cases in telecommunications, electricity and water, with examples drawn from a number of countries in Asia and beyond. The book addresses the following questions: Does regulation work? What kind of regulation works? What kinds don't work? Why do some forms of regulation work and not others? How do we know whether they work or not? How do we isolate the effects of different political, economic and legal contexts? Are there systematic differences across infrastructure sectors that necessitate particular regulatory design? It brings together distinguished scholars and practitioners who are experts in the area to address essential issues in regulation through conceptual and empirical studies.
Book Synopsis Handbook for Evaluating Infrastructure Regulatory Systems by : Ashley C. Brown
Download or read book Handbook for Evaluating Infrastructure Regulatory Systems written by Ashley C. Brown and published by World Bank Publications. This book was released on 2006-01-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."
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 OECD Multi-level Governance Studies Subnational Public-Private Partnerships Meeting Infrastructure Challenges by : OECD
Download or read book OECD Multi-level Governance Studies Subnational Public-Private Partnerships Meeting Infrastructure Challenges written by OECD and published by OECD Publishing. This book was released on 2018-11-12 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report focuses on the challenges of governing infrastructure investment and public-private partnerships (PPPs) at the subnational level. Subnational governments – cities and regions – play a vital role in the infrastructure landscape.
Book Synopsis From Global Savings Glut to Financing Infrastructure by : Mr.Rabah Arezki
Download or read book From Global Savings Glut to Financing Infrastructure written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2016-02-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.
Book Synopsis The Regulation of the Global Water Services Market by : Julien Chaisse
Download or read book The Regulation of the Global Water Services Market written by Julien Chaisse and published by Cambridge University Press. This book was released on 2017-01-26 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fragmentation in Water Policies in the Riparian ASEAN Member States
Book Synopsis Physical Infrastructure Development by : W. Ascher
Download or read book Physical Infrastructure Development written by W. Ascher and published by Springer. This book was released on 2010-05-24 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the key challenges of balancing economic growth, poverty alleviation, and environmental protection in the development of major physical infrastructure, ranging from transport to energy.
Book Synopsis Contract Design of Private Infrastructure Concessions by : Min-chʼeng Lin
Download or read book Contract Design of Private Infrastructure Concessions written by Min-chʼeng Lin and published by . This book was released on 2000 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Infrastructure in Latin America and the Caribbean by : Marianne Fay
Download or read book Infrastructure in Latin America and the Caribbean written by Marianne Fay and published by World Bank Publications. This book was released on 2007 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews Latin America's experience with infrastructure reform over the last fifteen years. It argues that the region's infrastructure has suffered from public retrenchment and unrealistic expectations about private involvement. Poor infrastructure now hampers productivity, growth, and poverty reduction. Addressing this requires more and better spending, and acceptance that governments remain central to infrastructure provision and supervision, although the private sector still has an important role to play.
Book Synopsis The Oxford Handbook of Latin American Economics by : José Antonio Ocampo
Download or read book The Oxford Handbook of Latin American Economics written by José Antonio Ocampo and published by Oxford University Press, USA. This book was released on 2011-07-28 with total page 959 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.
