Over the last 12 years, Chile has been very successful in attracting private participation in the provision of public infrastructure. Private capital has gone into road infrastructure, ports, and airports all over the country in the form of concessions. The aim of the 1991 Concession Law and that of the specific contracts associated with each project has been to provide much-needed infrastructure efficiently, without committing government resources better employed elsewhere. Using the contracts of four infrastructure projects involving the private sector in Chile, we show that, even though these projects and the concessions program are positively evaluated, design flaws in the auction setup directly or indirectly reduced competition in the bidding process, negatively affected performance, created incentives for ex post renegotiation, and precluded welfare maximization.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 53 (2004) Issue (Month): 1 (October) Pages: 215-34 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:ucp:ecdecc:y:2004:v:53:i:1:p:215-34
Contact details of provider: Postal: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Fax: (773) 753-0811 Email: Web page: http://www.journals.uchicago.edu/EDCC/home.html
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)