Publication:
Renegotiation of Concession Contracts in Latin America

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dc.contributor.authorGuasch, J. Luis
dc.contributor.authorStraub, Stephane
dc.date.accessioned2012-03-30T07:34:37Z
dc.date.available2012-03-30T07:34:37Z
dc.date.issued2008
dc.description.abstractHigh rates of contract renegotiation have raised serious questions about the viability of the concession model to attract private participation in infrastructure in developing countries. After extending in reduced form a standard regulation model, in which renegotiation occurs due to the imperfect enforcement of concession contracts, we use a unique data set of 307 concessions awarded in Latin America from 1989 to 2000, covering the sectors of transport and water, to analyze the determinants of this high incidence of renegotiations of infrastructure contracts. We look in details at the impact, on the probability of renegotiation of a concession, of regulatory institutions, institutional features, economic shocks and of the characteristics of the concession contracts themselves. We then derive some policy implications of our work.en
dc.identifier.citationInternational Journal of Industrial Organization
dc.identifier.issn01677187
dc.identifier.urihttps://hdl.handle.net/10986/5802
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectNational Government Expenditures and Related Policies: Infrastructures
dc.subjectOther Public Investment and Capital Stock H540
dc.subjectComparison of Public and Private Enterprises
dc.subjectPrivatization
dc.subjectContracting Out L330
dc.subjectFormal and Informal Sectors
dc.subjectShadow Economy
dc.subjectInstitutional Arrangements O170
dc.titleRenegotiation of Concession Contracts in Latin Americaen
dc.title.alternativeInternational Journal of Industrial Organizationen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum829
okr.journal.nbpages421-442
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.administrativeLatin America & Caribbean
okr.relation.associatedurlhttp://dx.doi.org/10.1016/j.ijindorg.2007.05.003
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=0962850&site=ehost-live
okr.relation.associatedurlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/505551/description#description
okr.volume26
relation.isAuthorOfPublication4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isAuthorOfPublication.latestForDiscovery4cc9b022-436f-51a0-b40d-6c4438bbced2
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