Endogenous Determinants for Renegotiating Concessions: Evidence from Local Infrastructure

@article{Cruz2013EndogenousDF,
  title={Endogenous Determinants for Renegotiating Concessions: Evidence from Local Infrastructure},
  author={Carlos Oliveira Cruz and Rui Cunha Marques},
  journal={Local Government Studies},
  year={2013},
  volume={39},
  pages={352 - 374}
}
The engagement of local government in public–private partnerships (PPPs) for the provision of infrastructure and public services is a global trend. Light rail services, water systems, waste management systems, schools, sport centres and social housing are simply a few examples of sectors in which the private sector is becoming more actively involved with local authorities. Most of these engagements are conducted through the use of mixed companies and contractual concessions. However, both of… 
Public–private partnerships: a review of economic considerations with particular reference to transportation projects
ABSTRACT The paper sets in context some of the more recent work that has been conducted on public–private partnerships (PPPs) in the provision and operation of infrastructure. PPPs essentially
Understanding the patterns of PPP renegotiations for infrastructure projects in Latin America
The increased use of public–private partnerships (PPPs) around the world to build infrastructures and provide public services has led to several concerns. One of the main pitfalls of PPPs is an
Contributions to the governance and renegotiation processes of public-private partnerships in Brazil
Proposal: The rapid economic development registered in emerging economies, such as Brazil, have in recent years placed increased pressure on infrastructure development with significant impacts in
CAN MANAGEMENT CONTRACTS AVOID THE PPP RENEGOTIATIONS ? LESSONS FROM THE WATER SECTOR
This paper analyzes the renegotiation of public-private partnership (PPP) contracts in the drinking water services in Portugal. Although the benefits of this kind of contracts are widely
Renegotiating Public-Private Partnerships
The renegotiations of public–private partnership (PPP) contracts are commonly considered to be one of the pitfalls of PPPs, as they tend to undermine their (ex ante) efficiency. A renegotiation
Value for Money Integration in the Renegotiation of Public Private Partnership Road Projects
The governments of various countries have continued to adopt Public Private Partnership (PPP) for infrastructure projects delivery due to its many advantages over the traditional procurement method.
Exogenous Determinants for Renegotiating Public Infrastructure Concessions: Evidence from Portugal
AbstractRenegotiations are frequently perceived as the Achilles’ heel of concessions. After two decades of concessions development, empirical evidence suggests a recurrent need to renegotiate
Political risk and success factors in public-private partnerships at the subnational level: the case of road infrastructure concessions
Public-Private Partnerships (PPP) are contractual figures through which the public and private sectors participate together in the provision of public goods and services, with multiple degrees of
The impact of rule of laws on the recovery of distressed PPP infrastructure Projects
As Public Private Partnerships (PPPs) around the world gain in popularity as a way to finance needed infrastructure, careful study prior to implementing PPP infrastructure projects becomes more
Opportunistic Behavior in Renegotiations Between Public-Private Partnerships and Government Institutions: Data on Public-Private Partnerships of the German Armed Forces
ABSTRACT This study analyzes survey data on public-private partnerships (PPPs) of the German Armed Forces. The analyzed PPPs are unique in that the German Federal Ministry of Defence, a government
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 69 REFERENCES
Soft Budgets and Renegotiations in Public-Private Partnerships
Public-private partnerships (PPPs) are an increasingly popular organizational form of providing public infrastructure. They can increase efficiency and improve resource allocation, yet pervasive
Public-Private Partnership Contracts: A Tale of Two Cities with Different Contractual Arrangements
This paper analyses regulation by contract in public-private partnerships (PPPs) for infrastructure services. Although the benefits of competition for the market and subsequent regulatory contracts
Granting and Renegotiating Infrastructure Concessions: Doing it Right
In most developing and industrial countries, infrastructure services have traditionally been provided by government enterprises, but in developing countries at least, these enterprises have often
Concessions of infrastructure in Latin America: Government-led renegotiation
This paper analyzes government-led renegotiations in infrastructure concession contracts in Latin America, based on the same sample used in Guasch, Laffont and Straub (2003) to examine firm-led
Revisiting the Strengths and Limitations of Regulatory Contracts in Infrastructure Industries
This paper evaluates regulation by contract in public-private partnerships (PPPs) in infrastructure services. Although the benefits of competition for the market and of regulatory contracts are
Regulating Infrastructure: Monopoly, Contracts, and Discretion
In the 1980s and 1990s countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones and highways - with the idea that market-based incentives would control
Partial Privatisation in Local Services Delivery: An Empirical Analysis of the Choice of Mixed Firms
Abstract Mixed public–private firms are increasingly used in several European countries. This paper makes use of survey data from Spanish municipalities to examine the motivations of local
Privatizing Highways in Latin America: Fixing What Went Wrong
This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence from Argentina, Colombia and Chile, we find that private financing of new
Multidimensionality and Renegotiation: Evidence from Transport-Sector Public-Private-Partnership Transactions in Latin America
Multidimensional auctions are a natural, practical solution when governments pursue more than one objective in their public-private-partnership transactions. However, multi-criteria auctions seem
...
1
2
3
4
5
...