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It is widely accepted that investing in public infrastructure promotes economic development. However, there is little … awareness of the prevalence of unfinished infrastructure projects and their consequences. In this paper, I study the effect of … unfinished sewerage infrastructure on early-life mortality in Peru. I compile several sources of administrative panel data for 1 …
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I provide evidence of the severe social costs imposed by infrastructure projects that are being implemented (i …. Failing to take the implementation phase into account could severely bias the welfare evaluation of infrastructure. …
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Poorly maintained public infrastructure is common in low- and middle-income countries, with consequences for service …
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We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10011925624
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be financially loss-making. In a continuous-time setting with hidden information about operating profits, we show that an exit option, acting as a risk-sharing...
Persistent link: https://www.econbiz.de/10012195007
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