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Modelo de Unión Público-Privado: una aproximación desde la Teoría de Contratos
[Public Private-Partnership: an approach from contract theory]

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  • Barreto Nieto, Carlos Alberto

Abstract

In the adjudication of several stages of an infrastructure project to develop a public service, when there is only private participation, there are strong incentives to reduce costs over the life of the project, which may affect the quality of service. In this paper, after a model extension to Hart (2003), is evaluated in more detail the advantages of the concession model, considering different classes of property in its implementation and introducing a simple mechanism to renegotiate, concluding that participation government is not justified for their ability to make innovations in quality, but because it is a mechanism to internalize the costs and benefits that may result in investment to reduce cost by the private party.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32038.

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Date of creation: 2010
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Handle: RePEc:pra:mprapa:32038

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Keywords: Teoría de contratos; Unión Público Privado; Privatización;

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  1. Jean-Etienne de Bettignies & Thomas W. Ross, 2004. "The Economics of Public-Private Partnerships," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 30(2), pages 135-154, June.
  2. Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
  3. John Bennett & Elisabetta Iossa, 2002. "Building and Managing Facilities for Public Services," Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University 02-08, Economics and Finance Section, School of Social Sciences, Brunel University.
  4. Schmidt, Klaus M, 1996. "The Costs and Benefits of Privatization: An Incomplete Contracts Approach," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 12(1), pages 1-24, April.
  5. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 12(4), pages 133-150, Fall.
  6. Oliver Hart & Andrei Shleifer & Robert Vishny, 1996. "The Proper Scope of Government: Theory and an Application to Prisons," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research 1778, Harvard - Institute of Economic Research.
  7. Jean Tirole, 1999. "Incomplete Contracts: Where Do We Stand?," Econometrica, Econometric Society, Econometric Society, vol. 67(4), pages 741-782, July.
  8. Martimort, David & Pouyet, Jérôme, 2006. "'Build It or Not': Normative and Positive Theories of Public-Private Partnerships," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5610, C.E.P.R. Discussion Papers.
  9. Schmidt, Klaus M., 1996. "The costs and benefits of privatization: An incomplete contracts approach," Munich Reprints in Economics, University of Munich, Department of Economics 19773, University of Munich, Department of Economics.
  10. Schmitz, Patrick W., 2000. "Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered," MPRA Paper 13447, University Library of Munich, Germany.
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