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 proven to be inefficient, unable to provide much-needed investments, and manipulated to achieve politica...
Main Author: | |
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Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
World Bank,
[2004], ©2004
Washington, D.C. : c2004 Washington, D.C.: c2004 Washington, DC: c2004 |
Series: | WBI development studies
WBI development studies |
Subjects: |
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100 | 1 | |a Guasch, J. Luis |0 http://viaf.org/viaf/85091885 | |
100 | 1 | |a Guasch, J. Luis | |
245 | 1 | 0 | |a Granting and renegotiating infrastructure concessions : |b doing it right / |c J. Luis Guasch |
260 | |a Washington, D.C. : |b World Bank, |c [2004], ©2004 | ||
260 | |a Washington, D.C. : |b World Bank, |c c2004 | ||
260 | |a Washington, D.C.: |b World Bank, |c c2004 | ||
260 | |a Washington, DC: |b World Bank, |c c2004 | ||
300 | |a xiii, 194 p. : |b ill. ; |c 24 cm | ||
300 | |a xiii, 194 p. ; |c 24 cm | ||
300 | |a xiii, 194 pages ; |c 24 cm | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a unmediated |b n |2 rdamedia | ||
338 | |a volume |b nc |2 rdacarrier | ||
440 | 0 | |a WBI development studies | |
490 | 1 | |a WBI development studies | |
504 | |a Includes bibliographical references (p. 183-190) and index | ||
505 | 0 | 0 | |g 1 |t Overview -- |g 2. |t Options for private participation in infrastructure -- |g 3. |t Concessions and the problem of renegotiation -- |g 4. |t Anecdotal evidence of the drivers of renegotiation -- |g 5. |t Renegotiation in theory and practice -- |g 6. |t Confirming anecdote and theory : empirical analysis of the determinants of renegotiation -- |g 7. |t Policy implications and lessons : guidelines for optimal concession design -- |g 8. |t Conclusion -- |g App. 1. |t Data description -- |g App. 2. |t Choice and definition of independent variables -- |g App. 3. |t Econometric analysis : results of the probit estimations. |
505 | 0 | 0 | |g 1 |t Overview -- |g 2. |t Options for private participation in infrastructure -- |g 3. |t Concessions and the problem of renegotiation -- |g 4. |t Anecdotal evidence of the drivers of renegotiation -- |g 5. |t Renegotiation in theory and practice -- |g 6. |t Confirming anecdote and theory : empirical analysis of the determinants of renegotiation -- |g 7. |t Policy implications and lessons : guidelines for optimal concession design -- |g 8. |t Conclusion -- |g App. 1. |t Data description -- |g App. 2. |t Choice and definition of independent variables -- |g App. 3. |t Econometric analysis : results of the probit estimations. |
505 | 0 | 0 | |t Infrastructure's Importance for Economic Growth -- |t Private Sector Participation and New Regulations and Risks -- |t Drawing on Experience to Improve Performance -- |t Outcomes of the Renegotiation Process -- |t Renegotiating Only When Justified -- |t Options for Private Participation in Infrastructure -- |t Concessions--A Cancelable Right to Cash Flow -- |t Transferring Infrastructure Services to the Private Sector -- |t How Do Concessions Work? -- |t How Do Concessions Differ from Privatizations? -- |t Benefits of Concessions -- |t Drawbacks of Concessions -- |t Concession and Regulatory Design -- |t Concessions and the Problem of Renegotiation -- |t Renegotiation Incidence and Incidents -- |t The Principle of Financial Equilibrium in Regulated Markets: More Regulation, More Renegotiation -- |t Bidding, Renegotiation, and Government Responses: Sanctity of the Bid -- |t The Case of Directly Adjudicated Concessions -- |t Other Drivers of Renegotiation -- |t Anecdotal Evidence of the Drivers of Renegotiation -- |t Political and Institutional Issues -- |t Aggressive Bidding -- |t Faulty Contract Designs -- |t Government Failure to Honor Contract Clauses -- |t Defective Regulation and Its Effects -- |t Profile of a Typical Municipal Concession: Common Problems of Process and Design -- |t Macroeconomic Shocks -- |t Renegotiation in Theory and Practice -- |t Reasons for Incomplete Contracts -- |t Incomplete Contracts, Concession Successes and Failures, and the Theory of Renegotiation -- |t Renegotiation Issues in Latin America and the Caribbean |
520 | |a 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 proven to be inefficient, unable to provide much-needed investments, and manipulated to achieve political objectives. By contrast, many studies have shown that over the past 30 years, private (or privatized) enterprises in developing countries have, on average, delivered superior performance and needed investments. Explanations differ on why this discrepancy exists. Private enterprises are driven by a desire for profits and may have more professional know-how in management, operating procedures, and use of appropriate technology. But perhaps the most important reason for their stronger performance is that privatization makes intervening in enterprise operations difficult for governments and politicians, so government manipulation is less likely. However, the issue, in general, has been how to ensure that the improved performance and efficiency gains are passed through to the users through lower tariffs and increased coverage, while allowing firms to earn a fair rate of return on their investments | ||
590 | |a * lrl | ||
650 | 0 | |a Infrastructure (Economics) |z Developing countries | |
650 | 0 | |a Privatization |z Developing countries | |
650 | 0 | |a Public contracts |z Developing countries |0 https://id.loc.gov/authorities/subjects/sh85037341-781 | |
650 | 0 | |a Public contracts |z Developing countries | |
650 | 0 | |a Public works |z Developing countries |0 https://id.loc.gov/authorities/subjects/sh85037341-781 |x Finance |0 https://id.loc.gov/authorities/subjects/sh2002007885 | |
650 | 0 | |a Public works |z Developing countries |x Finance | |
650 | 7 | |a Contrat gouvernemental |2 rasuqam | |
650 | 7 | |a Finance |2 fast | |
650 | 7 | |a Franchise |2 rasuqam | |
650 | 7 | |a Infrastructure (Economics) |2 fast | |
650 | 7 | |a Politique gouvernementale |2 rasuqam | |
650 | 7 | |a Privatisation |2 rasuqam | |
650 | 7 | |a Privatization |2 fast | |
650 | 7 | |a Public contracts |2 fast | |
650 | 7 | |a Public works |2 fast | |
650 | 7 | |a Travaux publics |2 rasuqam | |
650 | 0 | 7 | |a Öffentlicher Auftrag |2 swd |
650 | 1 | 7 | |a Infrastructure (Économie politique) |2 rasuqam |
650 | 1 | 7 | |a Infrastructuur |2 gtt |
650 | 1 | 7 | |a Onderhandelen |2 gtt |
650 | 1 | 7 | |a Particuliere sector |2 gtt |
651 | 7 | |a Developing countries |2 fast | |
651 | 7 | |a Entwicklungsländer |2 swd | |
651 | 7 | |a Pays en développement |2 rasuqam | |
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