Publication:
Renegotiation of Concession Contracts in Latin America

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dc.contributor.authorLaffont, Jean-Jacques
dc.contributor.authorGuasch, J. Luis
dc.contributor.authorStraub, Stephane
dc.date.accessioned2014-05-09T19:28:48Z
dc.date.available2014-05-09T19:28:48Z
dc.date.issued2003-04
dc.description.abstractThe authors construct a regulation model in which renegotiation occurs due to the imperfect enforcement of concession contracts. This enables the authors to provide theoretical predictions for the impact on the probability of renegotiation of a concession, regulatory institutions, institutional features, economic shocks, and the characteristics of the concession contracts. Then they use a data set of nearly 1,000 concessions awarded in Latin America and the Caribbean countries from 1989 to 2000 covering the sectors of telecommunications, energy, transport, and water to test these predictions. Finally, the authors derive some policy implications of their theoretical and empirical work.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/04/2210557/renegotiation-concession-contracts-latin-america
dc.identifier.doi10.1596/1813-9450-3011
dc.identifier.urihttps://hdl.handle.net/10986/18224
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3011
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVERSE SELECTION
dc.subjectAIRPORTS
dc.subjectAPPROPRIATE TECHNOLOGY
dc.subjectARBITRATION
dc.subjectASYMMETRIC INFORMATION
dc.subjectBOT
dc.subjectCONCESSION
dc.subjectCONCESSION CONTRACTS
dc.subjectCONSENSUS
dc.subjectCORRUPTION
dc.subjectDEBT
dc.subjectDEVELOPED COUNTRIES
dc.subjectDIVESTITURE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SHOCKS
dc.subjectECONOMICS
dc.subjectELECTRICITY
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL STUDIES
dc.subjectENFORCEMENT MECHANISM
dc.subjectEQUILIBRIUM
dc.subjectEXPENDITURES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectINCOME
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINSTITUTIONAL CONSTRAINTS
dc.subjectJUDGES
dc.subjectMARGINAL COST
dc.subjectMONOPOLY
dc.subjectMORAL HAZARD
dc.subjectMOTIVATIONS
dc.subjectNATURAL MONOPOLY
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICIANS
dc.subjectPORTS
dc.subjectPOTENTIAL INVESTORS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRIVATE ENTERPRISES
dc.subjectPRIVATE INFORMATION
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRODUCTIVITY
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPUBLIC FINANCING
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY BODY
dc.subjectREGULATORY CAPTURE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY INSTITUTIONS
dc.subjectROADS
dc.subjectSECTOR RESTRUCTURING
dc.subjectSOCIAL COST
dc.subjectSOCIAL SECTORS
dc.subjectSOCIAL WELFARE
dc.subjectSTATE OWNED ENTERPRISES
dc.subjectTAX
dc.subjectTAX SYSTEM
dc.subjectTELECOMMUNICATIONS
dc.subjectTRANSACTION COSTS
dc.subjectUTILITIES CONCESSIONS; REGULATORY FRAMEWORK; CONTRACT NEGOTIATION; INSTITUTIONAL CAPACITY; ECONOMIC SHOCKS; DATA ANALYSIS; TELECOMMUNICATIONS; ENERGY SECTOR; WATER SECTOR; TRANSPORT SECTOR; POLICY FORMATION
dc.subjectUTILITIES
dc.subjectCONCESSIONS
dc.titleRenegotiation of Concession Contracts in Latin Americaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleRenegotiation of Concession Contracts in Latin America
okr.date.doiregistration2025-04-10T10:35:39.521208Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/04/2210557/renegotiation-concession-contracts-latin-america
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid916291468769854993
okr.identifier.doi10.1596/1813-9450-3011
okr.identifier.externaldocumentum000094946_03041204014593
okr.identifier.internaldocumentum2210557
okr.identifier.reportWPS3011
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/04/25/000094946_03041204014593/Rendered/PDF/multi0page.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/5802
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance :: Payment systems, securities clearance and settlement
okr.sectorFinance :: General finance sector
okr.topicEnvironmental Economics and Policies
okr.topicPublic Sector Development::Decentralization
okr.topicSocial Protections and Labor::Labor Policies
okr.topicHealth Economics and Finance
okr.topicGovernance::National Governance
okr.topicAdministrative and Regulatory Law
okr.topicPublic Sector Economics and Finance
okr.topicHealth, Nutrition and Population
okr.unitFinance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region
okr.volume1
relation.isAuthorOfPublication4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isAuthorOfPublication.latestForDiscovery4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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