Publication:
Infrastructure Concessions, Information Flows, and Regulatory Risk

dc.contributor.author Burns, Phil
dc.contributor.author Estache, Antonio
dc.date.accessioned 2012-08-13T15:05:40Z
dc.date.available 2012-08-13T15:05:40Z
dc.date.issued 1999-12
dc.description.abstract Regulators of concessions in newly privatized infrastructure sectors typically start the price control process with limited sectoral and corporate data. To move toward more realistic regulatory targets, they must ensure that this information base grows and that their ability to process it improves-a costly undertaking but worth the expense. Getting it right-with well-conceived rules, data, and methodologies-helps to avoid time-consuming regulatory disputes and contract renegotiations, reduce regulatory capture by the new private operator, and assess who gains and who loses from utility privatization. Getting it wrong can cause the concessionaire to operate and invest inefficiently, raise its cost of capital, and ultimately jeopardize privatization. This Note outlines the accounting requirements that a regulator should impose on new concessionaires to navigate these waters as smoothly as possible. en
dc.identifier http://documents.worldbank.org/curated/en/1999/12/729341/infrastructure-concessions-information-flows-regulatory-risk
dc.identifier.citation Viewpoint. -- Note no. 203 (December 1999)
dc.identifier.uri http://hdl.handle.net/10986/11446
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Viewpoint
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject REGULATORY FRAMEWORK
dc.subject PRICE STRUCTURES
dc.subject MONOPOLIES
dc.subject INFRASTRUCTURE REGULATION
dc.subject INFORMATION DISSEMINATION
dc.subject CONTRACT NEGOTIATION
dc.subject PRIVATIZATION
dc.subject OPERATING COSTS
dc.subject DEPRECIATION
dc.subject COST OF CAPITAL
dc.subject YARDSTICK COMPETITION
dc.subject VALUATION
dc.subject INVESTMENT PROGRAMS
dc.subject CAPITAL INVESTMENTS
dc.subject CONCESSIONS ACCOUNTING
dc.subject AFFILIATED ORGANIZATIONS
dc.subject ASSET PRICING
dc.subject ASSET VALUATION
dc.subject ASSET VALUE
dc.subject ASSETS
dc.subject BENCHMARK
dc.subject BENCHMARKING
dc.subject BID
dc.subject BIDDERS
dc.subject BIDDING
dc.subject BIDDING DOCUMENTS
dc.subject CAPITAL USE
dc.subject CONSUMER PRICE INDEX
dc.subject CONSUMERS
dc.subject COST OF CAPITAL
dc.subject COST OF DEBT CAPITAL
dc.subject COVERAGE
dc.subject CPI
dc.subject DEBT
dc.subject DIVIDEND POLICY
dc.subject ECONOMISTS
dc.subject EQUITY CAPITAL
dc.subject EXCESS PROFITS
dc.subject EXPENDITURES
dc.subject FINANCIAL INFORMATION
dc.subject FORECASTS
dc.subject INCENTIVE EFFECTS
dc.subject INEFFICIENCY
dc.subject LIQUIDITY
dc.subject MERGERS
dc.subject MONOPOLIES
dc.subject PERVERSE INCENTIVES
dc.subject PRESENT VALUE
dc.subject PRODUCTIVITY
dc.subject PRODUCTIVITY GROWTH
dc.subject REGULATORY CAPTURE
dc.subject SAVINGS
dc.subject STOCK MARKETS
dc.subject SUSTAINABILITY
dc.subject TELECOMMUNICATIONS
dc.subject TRADEOFFS
dc.subject TRANSPARENCY
dc.subject WEALTH
dc.title Infrastructure Concessions, Information Flows, and Regulatory Risk en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Fragility, Conflict, and Violence
okr.doctype Publications & Research :: Viewpoint
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/1999/12/729341/infrastructure-concessions-information-flows-regulatory-risk
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Environment and Natural Resources
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.identifier.externaldocumentum 090224b0854eebfd_2_0
okr.identifier.internaldocumentum 729341
okr.identifier.report 21460
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2000/12/22/000094946_0012130148372/Rendered/PDF/multi_page.pdf en
okr.region.administrative Latin America & Caribbean
okr.region.administrative Europe and Central Asia
okr.region.country Argentina
okr.region.country United Kingdom
okr.sector Other Public Sector Management
okr.sector Public Administration, Law, and Justice
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Law and Development :: Insurance Law
okr.topic Economic Theory and Research
okr.topic International Terrorism and Counterterrorism
okr.topic Environmental Economics and Policies
okr.topic Macroeconomics and Economic Growth
okr.topic Environment
okr.topic Conflict and Development
okr.unit Fin & Private Sector Develop VP
okr.volume 1 of 1
relation.isSeriesOfPublication 1067ecbf-b217-4376-a77e-64594be2b212
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