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Public-Private Partnerships have become a favoured way of introducing private capital into transport projects whilst maintaining an element of public interest. This paper considers the potential conflicts that might arise between the freedom of the private operator within a PPP and other...
Persistent link: https://www.econbiz.de/10010285854
This article investigates a dynamic general equilibrium model with a stockout constraint, which means that no seller can sell more than the inventories that she has. The model successfully explains two inventory facts; (i) inventory investment is procyclical, and (ii) production is more volatile...
Persistent link: https://www.econbiz.de/10008492909
ways in which they may be overcome. -- public-private partnerships ; social marginal cost pricing ; incentives ; contracts …
Persistent link: https://www.econbiz.de/10003989761
This article proposes a rule of contractual interpretation for regulatory contracts defined as contracts 1) used by a … outcome of the interpretation of regulatory contracts must not be inconsistent with the objectives of the regulatory framework … autonomy of private regulatory regimes created through contracts without sacrificing public policy objectives. Several examples …
Persistent link: https://www.econbiz.de/10013251026
One important issue facing reformers considering the restructuring of the seaports and freight railways sectors of a developing country is the creation of competition ­ or, alternatively, avoiding the creation or preservation of monopoly power. In seaports a crucial distinction is often that...
Persistent link: https://www.econbiz.de/10012056319
One important issue facing reformers considering the restructuring of the seaports and freight railways sectors of a developing country is the creation of competition - or, alternatively, avoiding the creation or preservation of monopoly power. In seaports a crucial distinction is often that...
Persistent link: https://www.econbiz.de/10013156696
One important issue facing reformers considering the restructuring of the seaports and freight railways sectors of a developing country is the creation of competition ­ or, alternatively, avoiding the creation or preservation of monopoly power. In seaports a crucial distinction is often that...
Persistent link: https://www.econbiz.de/10008542258
on the role of monetary andnonmonetary incentives used in selected case studies in developing Asia. It finds that such … motivate them with the right incentives but also monitor them for performance accordingly. …
Persistent link: https://www.econbiz.de/10010336943
has been given to incentive schemes for bus drivers in terms of economic incentives and labour conditions. Therefore … survey show that drivers in our sample prefer incentives linked to their operational performance rather than consumer …
Persistent link: https://www.econbiz.de/10011115795
Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political...
Persistent link: https://www.econbiz.de/10010273785