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Infrastructure Concessions in Latin America : Government-led Renegotiations

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dc.contributor.authorStraub, Stéphane
dc.contributor.authorGuasch, J. Luis
dc.date.accessioned2012-06-20T15:46:27Z
dc.date.available2012-06-20T15:46:27Z
dc.date.issued2005-10
dc.description.abstractThe authors complement the existing knowledge in the renegotiation literature on infrastructure concessions by analyzing government-led renegotiations. They first propose a multiple-period theoretical framework in which both Pareto-improving and rent-shifting renegotiations at the initiative of the government can occur. They then perform an empirical analysis based on a sample of 307 water and transport projects in five Latin American countries between 1989 and 2000. While some of the main insights from the previous literature are unchanged, for example concerning the importance of having a regulator in place when awarding concessions and the fragility of price cap regulatory schemes, there are also significant differences as predicted by the model, in particular with respect to the effect of investment and financing, as well as the corruption variables. The authors provide additional evidence showing that a good regulatory framework is especially important in contexts with weak governance and political opportunism.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/10/6330949/infrastructure-concessions-latin-america-government-led-renegotiations
dc.identifier.doi10.1596/1813-9450-3749
dc.identifier.urihttps://hdl.handle.net/10986/8525
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3749
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleInfrastructure Concessions in Latin America : Government-led Renegotiationsen
dspace.entity.typePublication
okr.crossref.titleInfrastructure Concessions In Latin America : Government-Led Renegotiations
okr.date.doiregistration2025-04-10T10:35:40.601757Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2005/10/6330949/infrastructure-concessions-latin-america-government-led-renegotiations
okr.guid306081468300325193
okr.identifier.doi10.1596/1813-9450-3749
okr.identifier.externaldocumentum000016406_20051007095135
okr.identifier.internaldocumentum6330949
okr.identifier.reportWPS3749
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/10/07/000016406_20051007095135/Rendered/PDF/wps3749.pdfen
okr.region.administrativeLatin America & Caribbean
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
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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