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awarded contracts have remaining issues that will still have to be resolved. One possible solution is contract redesign or … amendment when the existing contract is burdensome to the end-users or has the potential to make the end-users unnecessarily …
Persistent link: https://www.econbiz.de/10015193163
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
This paper studies the optimal structure of procurement contracts between public and private sectors by mainly comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a principal-agent model focusing on bundling effects of...
Persistent link: https://www.econbiz.de/10011903604
This paper analyzes the experience, high incidence, lesson learned and reflections on the issue renegotiations in Latin America, based in the evolution of PPP contracts through the last 25 years. The paper also shows how countries via new PPP laws, regulations, norms and specific platforms can...
Persistent link: https://www.econbiz.de/10010478579
'contract clientelism', or the provision of public contracts to private firms in exchange for campaign donations. Using …' in which incumbents assign low-quality contracts while on the campaign trail. Contract manipulations are more common in …
Persistent link: https://www.econbiz.de/10012650862
Persistent link: https://www.econbiz.de/10012209194
-invest in early construction, seeking a renegotiation thereafter. We show that, in a renegotiation-proof contract, the marginal …
Persistent link: https://www.econbiz.de/10012119945
Persistent link: https://www.econbiz.de/10014318617
In this paper we develop an index of the governmental support for PPP – a ‘PPP Governmental Support Index’ - which aims to measure the extent to which national governments provide an institutional framework that is either conducive or preventive for the introduction and diffusion of PPPs...
Persistent link: https://www.econbiz.de/10010345254
Persistent link: https://www.econbiz.de/10001815348