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Renegotiation Of Infrastructure Concessions: An Overview

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  • J. Luis Guasch
  • Stéphane Straub

Abstract

Numerous renegotiations have plagued Latin American infrastructure concession contracts in the 1990s, to the point that private sector involvement is being questioned in some countries. This issue has been analyzed in a series of papers by Guasch et al. (2003, 2006a, 2006b) . After putting these contributions in the context of the theoretical and empirical literature on contract renegotiation, this note surveys the existing evidence on the determinants of these renegotiations and discusses the main policy implications regarding the necessity of efficient regulatory institutions and the adequate type of price regulation. Copyright 2006 The Authors Journal compilation � CIRIEC 2006.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Annals of Public and Cooperative Economics.

Volume (Year): 77 (2006)
Issue (Month): 4 (December)
Pages: 479-493

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Handle: RePEc:bla:annpce:v:77:y:2006:i:4:p:479-493

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Cited by:
  1. Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2009. "Soft Budgets and Renegotiations in Public-Private Partnerships," Cowles Foundation Discussion Papers 1723, Cowles Foundation for Research in Economics, Yale University.
  2. Dassiou, X. & Stern, J., 2008. "Infrastructure Contracts: Trust and Institutional Updating," Working Papers 08/06, Department of Economics, City University London.
  3. Coco, Giuseppe & De Vincenti, Claudio, 2008. "Optimal price-cap reviews," Utilities Policy, Elsevier, vol. 16(4), pages 238-244, December.
  4. Werner Kristjanpoller Rodríguez & John Díaz Antillanca, 2011. "Una nueva estructura de garantías para los bonos chilenos de infraestructura," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 13(25), pages 275-295, July-Dece.
  5. Hulya Dagdeviren & Simon A. Robertson, 2009. "Access to Water in the Slums of the Developing World," Working Papers 57, International Policy Centre for Inclusive Growth.

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