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Granting and renegotiating infrastructure concessions [[electronic resource] ] : doing it right / / J. Luis Guasch
| Granting and renegotiating infrastructure concessions [[electronic resource] ] : doing it right / / J. Luis Guasch |
| Autore | Guasch J. Luis |
| Pubbl/distr/stampa | Washington, D.C., : World Bank, c2004 |
| Descrizione fisica | 1 online resource (211 p.) |
| Disciplina | 363.6/068/7 |
| Collana | WBI development studies |
| Soggetto topico |
Public contracts - Developing countries
Public works - Developing countries - Finance Infrastructure (Economics) - Developing countries Privatization - Developing countries |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-280-08545-2
9786610085453 1-4175-0580-X |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910455625703321 |
Guasch J. Luis
|
||
| Washington, D.C., : World Bank, c2004 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Granting and renegotiating infrastructure concessions : : doing it right / / J. Luis Guasch
| Granting and renegotiating infrastructure concessions : : doing it right / / J. Luis Guasch |
| Autore | Guasch J. Luis |
| Pubbl/distr/stampa | Washington, D.C. : , : World Bank, , c2004 |
| Descrizione fisica | xiii, 194 pages ; ; 24 cm |
| Disciplina | 363.6/068/7 |
| Collana | WBI development studies |
| Soggetto topico |
Public contracts - Developing countries
Public works - Developing countries - Finance Infrastructure (Economics) - Developing countries Privatization - Developing countries |
| ISBN |
1-280-08545-2
9786610085453 1-4175-0580-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910780306203321 |
|
Guasch J. Luis
|
||
| Washington, D.C. : , : World Bank, , c2004 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Granting and renegotiating infrastructure concessions : : doing it right / / J. Luis Guasch
| Granting and renegotiating infrastructure concessions : : doing it right / / J. Luis Guasch |
| Autore | Guasch J. Luis |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : World Bank, , c2004 |
| Descrizione fisica | xiii, 194 pages ; ; 24 cm |
| Disciplina | 363.6/068/7 |
| Collana | WBI development studies |
| Soggetto topico |
Public contracts - Developing countries
Public works - Developing countries - Finance Infrastructure (Economics) - Developing countries Privatization - Developing countries |
| ISBN |
1-280-08545-2
9786610085453 1-4175-0580-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Contents -- Foreword -- Preface -- Acknowledgments -- 1. Overview -- Infrastructure's Importance for Economic Growth -- Private Sector Participation and New Regulations and Risks -- Drawing on Experience to Improve Performance -- Outcomes of the Renegotiation Process -- Renegotiating Only When Justified -- 2. Options for Private Participation in Infrastructure -- Concessions-A Cancelable Right to Cash Flow -- Transferring Infrastructure Services to the Private Sector -- How Do Concessions Work? -- How Do Concessions Differ from Privatizations? -- Benefits of Concessions -- Drawbacks of Concessions -- Concession and Regulatory Design -- 3. Concessions and the Problem of Renegotiation -- Renegotiation Incidence and Incidents -- The Principle of Financial Equilibrium in Regulated Markets: More Regulation, More Renegotiation -- Bidding, Renegotiation, and Government Responses: Sanctity of the Bid -- The Case of Directly Adjudicated Concessions -- Other Drivers of Renegotiation -- 4. Anecdotal Evidence of the Drivers of Renegotiation -- Political and Institutional Issues -- Aggressive Bidding -- Faulty Contract Designs -- Government Failure to Honor Contract Clauses -- Defective Regulation and Its Effects -- Profile of a Typical Municipal Concession: Common Problems of Process and Design -- Macroeconomic Shocks -- 5. Renegotiation in Theory and Practice -- Reasons for Incomplete Contracts -- Incomplete Contracts, Concession Successes and Failures, and the Theory of Renegotiation -- Renegotiation Issues in Latin America and the Caribbean -- 6. Confirming Anecdote and Theory: Empirical Analysis of the Determinants of Renegotiation -- Basic Findings -- Empirical Analysis of the Determinants of Renegotiation -- Significant Variables Influencing the Incidence of Renegotiation -- Marginal Effects on the Probability of Renegotiation.
Interpretation of Empirical Results -- 7. Policy Implications and Lessons: Guidelines for Optimal Concession Design -- Shortcomings in Concession Designs and Regulations That Lead to Renegotiation -- Guidelines for Optimal Concession Design -- The Process for Awarding Concessions and Award Criteria -- Implementation of an Optimal Concession Award Criteria -- Financial Equilibrium Clauses for the Operation of the Concession in the Concession Contract -- Renegotiation Clauses and Triggers for Renegotiation -- Sanctity of the Bid -- Concession Length and Financing -- Investment Commitments -- Determining Future Tariffs -- Regulatory Structure: Rate of Return Versus Price Caps -- Cost of Capital and How It Should Be Determined -- Tariff and Revenue Implications of Increased Cost of Capital -- Concession Risks and Their Allocation -- Valuation of Concession Assets -- Informational Requirements Set in the Concession Contract -- Regulatory Accounting Norms -- Addressing Termination of the Concession and Dispute Resolution -- Arbitration Rules Stated in Concession Contract -- Institutional Structure of Regulatory Agencies -- 8. Conclusion -- Appendix 1. Data Description -- Appendix 2. Choice and Definition of Independent Variables -- Definition of Terms -- Detailed Description of the Variables -- Appendix 3. Econometric Analysis: Results of the Probit Estimations -- Summary Results -- Complete Estimates -- References -- Index. |
| Record Nr. | UNINA-9910973962403321 |
|
Guasch J. Luis
|
||
| Washington, D.C. : , : World Bank, , c2004 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||