Publication:
Procurement in Infrastructure : What Does Theory Tell Us?

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dc.contributor.authorEstache, Antonio
dc.contributor.authorIimi, Atsushi
dc.contributor.authorRuzzier, Christian
dc.date.accessioned2012-03-19T19:11:28Z
dc.date.available2012-03-19T19:11:28Z
dc.date.issued2009-07-01
dc.description.abstractInfrastructure has particular challenges in public procurement, because it is highly complex and customized and often requires economic, political and social considerations from a long time horizon. To deliver public infrastructure services to citizens or taxpayers, there are a series of decisions that governments have to make. The paper provides a minimum package of important economic theories that could guide governments to wise decision-making at each stage. Theory suggests that in general it would be a good option to contract out infrastructure to the private sector under high-powered incentive mechanisms, such as fixed-price contracts. However, this holds under certain conditions. Theory also shows that ownership should be aligned with the ultimate responsibility for or objective of infrastructure provision. Public and private ownership have different advantages and can deal with different problems. It is also shown that it would be a better option to integrate more than one public task (for example, investment and operation) into the same ownership, whether public or private, if they exhibit positive externalities.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090715105832
dc.identifier.doi10.1596/1813-9450-4994
dc.identifier.urihttps://hdl.handle.net/10986/4185
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 4994
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERSE SELECTION
dc.subjectASSET OWNERSHIP
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUCTION
dc.subjectAUCTION DESIGN
dc.subjectAUCTIONS
dc.subjectBENEFICIARIES
dc.subjectBID
dc.subjectBID PRICE
dc.subjectBIDDING PROCESS
dc.subjectBIDS
dc.subjectBULK CARGO
dc.subjectCAPITAL INVESTMENT
dc.subjectCARRIERS
dc.subjectCOMMERCIAL INVESTMENTS
dc.subjectCOMPETITION AMONG PORTS
dc.subjectCOMPETITIVE BIDDING
dc.subjectCONCESSION
dc.subjectCONCESSION AGREEMENTS
dc.subjectCONCESSION CONTRACTS
dc.subjectCONCESSIONAIRES
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONTRACT ADJUSTMENT
dc.subjectCONTRACT ADMINISTRATION
dc.subjectCONTRACT AWARD
dc.subjectCONTRACT CLAUSES
dc.subjectCONTRACT LEASE CONCESSION
dc.subjectCONTRACT RENEWAL
dc.subjectCONTRACT THEORY
dc.subjectCONTRACTOR
dc.subjectCONTRACTORS
dc.subjectCONTRACTUAL ARRANGEMENTS
dc.subjectCONTRACTUAL RELATIONSHIP
dc.subjectCOORDINATION FAILURE
dc.subjectCOST-REIMBURSEMENT
dc.subjectCUSTOMER SATISFACTION
dc.subjectDEBTS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISTRIBUTION COMPANIES
dc.subjectDISTRIBUTION FUNCTIONS
dc.subjectDISTRIBUTION NETWORK
dc.subjectDIVESTITURE
dc.subjectECONOMIC COSTS
dc.subjectECONOMIC EFFICIENCY
dc.subjectEFFICIENT ALLOCATION
dc.subjectEFFICIENT OUTCOME
dc.subjectELECTRICITY
dc.subjectELECTRICITY DISTRIBUTION
dc.subjectELECTRICITY SECTOR
dc.subjectELECTRICITY SECTOR REFORM
dc.subjectENERGY MANAGEMENT
dc.subjectENERGY SALES
dc.subjectFEDERAL PROCUREMENT
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL STRUCTURE
dc.subjectFISCAL DISCIPLINE
dc.subjectFRAUD
dc.subjectFREIGHT
dc.subjectFREIGHT OPERATIONS
dc.subjectGENERATION
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT SUBSIDY
dc.subjectHIDDEN ACTION
dc.subjectHIDDEN ACTION PROBLEM
dc.subjectHOURS OF SERVICE
dc.subjectINCENTIVE MECHANISMS
dc.subjectINCENTIVE PAYMENTS
dc.subjectINCOMPLETE CONTRACT
dc.subjectINCOMPLETE CONTRACTS
dc.subjectINFRASTRUCTURE CONCESSIONS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE DEVELOPMENT PROJECTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE PROVISION
dc.subjectINFRASTRUCTURE SECTOR
dc.subjectINFRASTRUCTURE SERVICES
dc.subjectINITIAL CONTRACT
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT REQUIREMENT
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectJOINT VENTURE
dc.subjectJOINT VENTURES
dc.subjectLACK OF COMPETITION
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEASE
dc.subjectLEASE CONTRACT
dc.subjectLEASE CONTRACTS
dc.subjectLEASES
dc.subjectLEVEL OF COMPETITION
dc.subjectLICENSES
dc.subjectLICENSING
dc.subjectLONG-TERM COMMITMENT
dc.subjectMACROECONOMIC RISKS
dc.subjectMANDATE
dc.subjectMARKET RISK
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectOPTIMAL CONTRACT
dc.subjectORIGINAL CONTRACTS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPARTICULAR CONTRACT
dc.subjectPOLITICAL ECONOMY
dc.subjectPORT OPERATIONS
dc.subjectPORTS
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPOWER
dc.subjectPOWER MARKETS
dc.subjectPOWER PLANTS
dc.subjectPOWER SECTOR
dc.subjectPRESENT VALUE
dc.subjectPRINCIPAL-AGENT MODEL
dc.subjectPRINCIPAL-AGENT PROBLEM
dc.subjectPRINCIPAL-AGENT RELATIONSHIP
dc.subjectPRIVATE FINANCE
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE OPERATORS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVOLVEMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPROCUREMENT MECHANISM
dc.subjectPROCUREMENT OFFICIALS
dc.subjectPROCUREMENT PROCEDURE
dc.subjectPROCUREMENT PROCESS
dc.subjectPRODUCT QUALITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPROVISIONS
dc.subjectPUBLIC
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC CONTRACT
dc.subjectPUBLIC CONTRACTS
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC OWNERSHIP
dc.subjectPUBLIC PRIVATE PARTNERSHIPS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SAFETY
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR PRODUCTIVITY
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC UTILITY
dc.subjectPUBLIC WORKS
dc.subjectPUBLIC­PRIVATE PARTNERSHIPS
dc.subjectQUALITY REQUIREMENTS
dc.subjectRAIL
dc.subjectRAIL PRIVATIZATION
dc.subjectRAILWAY
dc.subjectRAILWAY SECTOR
dc.subjectRAILWAYS
dc.subjectREGULATORY SYSTEM
dc.subjectRELATIONAL CONTRACT
dc.subjectRENEGOTIATED CONTRACTS
dc.subjectRENEGOTIATION
dc.subjectRENEGOTIATIONS
dc.subjectRETRENCHMENT
dc.subjectRETURN
dc.subjectREVENUE GUARANTEES
dc.subjectRISK NEUTRAL
dc.subjectROAD
dc.subjectROAD CONCESSIONS
dc.subjectROLLING STOCK
dc.subjectSAFETY
dc.subjectSANITATION
dc.subjectSAVINGS
dc.subjectSELLER
dc.subjectSELLERS
dc.subjectSERVICE PROVIDER
dc.subjectSEWERAGE SERVICES
dc.subjectSOCIAL WELFARE
dc.subjectSPEEDS
dc.subjectSUBCONTRACTORS
dc.subjectTARIFF ADJUSTMENTS
dc.subjectTELECOMMUNICATIONS
dc.subjectTHIRD PARTY
dc.subjectTIME REQUIREMENT
dc.subjectTRAFFIC
dc.subjectTRANSACTION
dc.subjectTRANSACTION COST
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT INFRASTRUCTURES
dc.subjectTRANSPORT SECTOR
dc.subjectTRUE
dc.subjectUTILITIES
dc.subjectVALUATIONS
dc.subjectVENDORS
dc.subjectVERTICAL INTEGRATION
dc.subjectWATER SUPPLY SERVICES
dc.titleProcurement in Infrastructure : What Does Theory Tell Us?en
dspace.entity.typePublication
okr.crossref.titleProcurement In Infrastructure: What Does Theory Tell Us?
okr.date.doiregistration2025-04-10T11:23:26.246317Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090715105832
okr.globalpracticeTransport and ICT
okr.guid197311468175791056
okr.identifier.doi10.1596/1813-9450-4994
okr.identifier.externaldocumentum000158349_20090715105832
okr.identifier.internaldocumentum10820664
okr.identifier.reportWPS4994
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/07/15/000158349_20090715105832/Rendered/PDF/WPS4994.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.topicTransport
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationeeef1beb-b651-587f-bb16-a47ff170a096
relation.isAuthorOfPublication.latestForDiscoveryeeef1beb-b651-587f-bb16-a47ff170a096
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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