Over the last two decades, infrastructure development has often been supported by public--private partnerships, particularly under concession arrangements. This paper addresses terminal concession contracts in the seaport sector, and especially the problem of risk-sharing. An effective...

<title>Abstract</title> The increase in cargo transportation has not necessarily corresponded to an improvement in the productive efficiency. Quite on the contrary, particular infrastructures are prone to the congestion phenomenon. In this case, after a given value the increase in inputs can lead to a decrease...