Renegotiation Of Concession Contracts In Latin America

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Renegotiation Of Concession Contracts In Latin America

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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 2003

Renegotiation Of Concession Contracts In Latin America written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Concessions categories.

The authors construct a regulation model in which renegotiation occurs due to the imperfect enforcement of concession contracts. This enables the authors to provide theoretical predictions for the impact on the probability of renegotiation of a concession, regulatory institutions, institutional features, economic shocks, and the characteristics of the concession contracts. Then they use a data set of nearly 1,000 concessions awarded in Latin America and the Caribbean countries from 1989 to 2000 covering the sectors of telecommunications, energy, transport, and water to test these predictions. Finally, the authors derive some policy implications of their theoretical and empirical work.

Renegotiation Of Concession Contracts In Latin America

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Author : J. Luis Guasch
language : en
Publisher:
Release Date : 2008

Renegotiation Of Concession Contracts In Latin America written by J. Luis Guasch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.

High rates of contract renegotiation have raised serious questions about the viability of the concession model to attract private participation in infrastructure in developing countries. After extending in reduced form a standard regulation model, in which renegotiation occurs due to the imperfect enforcement of concession contracts, we use a unique data set of 307 concessions awarded in Latin America from 1989 to 2000, covering the sectors of transport and water, to analyze the determinants of this high incidence of renegotiations of infrastructure contracts. We look in details at the impact, on the probability of renegotiation of a concession, of regulatory institutions, institutional features, economic shocks and of the characteristics of the concession contracts themselves. We then derive some policy implications of our work.

Infrastructure Concessions In Latin America

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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 2005

Infrastructure Concessions In Latin America written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Infrastructure (Economics) categories.

"The authors complement the existing knowledge in the renegotiation literature on infrastructure concessions by analyzing government-led renegotiations. They first propose a multiple-period theoretical framework in which both Pareto-improving and rent-shifting renegotiations at the initiative of the government can occur. They then perform an empirical analysis based on a sample of 307 water and transport projects in five Latin American countries between 1989 and 2000. While some of the main insights from the previous literature are unchanged, for example concerning the importance of having a regulator in place when awarding concessions and the fragility of price cap regulatory schemes, there are also significant differences as predicted by the model, in particular with respect to the effect of investment and financing, as well as the corruption variables. The authors provide additional evidence showing that a good regulatory framework is especially important in contexts with weak governance and political opportunism. "--World Bank web site.

Granting And Renegotiating Infrastructure Concessions

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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 2004-01-01

Granting And Renegotiating Infrastructure Concessions written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.

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.

Renegotiation Of Infrastructure Concessions

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Author : J. Luis Guasch
language : en
Publisher:
Release Date : 2006

Renegotiation Of Infrastructure Concessions written by J. Luis Guasch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.

Numerous renegotiations have plagued Latin American infrastructure concession contracts in the 1990s, to the point that private sector involvement is being questioned in some countries. This issue has been analyzed in a series of papers by Guasch et al. (2003, 2006a, 2006b). After putting these contributions in the context of the theoretical and empirical literature on contract renegotiation, this note surveys the existing evidence on the determinants of these renegotiations and discusses the main policy implications regarding the necessity of efficient regulatory institutions and the adequate type of price regulation.

Price Caps Efficiency Payoffs And Infrastructure Contract Renegotiation In Latin America

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Author : Antonio Estache
language : en
Publisher:
Release Date : 2003

Price Caps Efficiency Payoffs And Infrastructure Contract Renegotiation In Latin America written by Antonio Estache and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Infraestructura (Economia) categories.

The Renegotiations Of Public Private Partnerships In Transportation

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Author : Carlos Oliveira Cruz
language : en
Publisher: Springer Nature
Release Date : 2021-02-18

The Renegotiations Of Public Private Partnerships In Transportation written by Carlos Oliveira Cruz and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-18 with Law categories.

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.

Can Privatization Deliver

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Author : Federico Basañes
language : en
Publisher:
Release Date : 1999

Can Privatization Deliver written by Federico Basañes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Concessions categories.

While privatization of water, electricity, transportation and communications infrastructure continues to gain momentum in Latin America, its success often depends on whether countries implement the reforms essential to attract private investment.

Renegotiation Of Ppp Contracts An Overview Of Its Recent Evolution In Latin America

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Author :
language : en
Publisher:
Release Date :

Renegotiation Of Ppp Contracts An Overview Of Its Recent Evolution In Latin America written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Renegotiation Of Concession Contracts In Latin America

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Author : J. Luis Guasch
language : en
Publisher:
Release Date : 2003

Renegotiation Of Concession Contracts In Latin America written by J. Luis Guasch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Concessions categories.