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activity. From a dynamic incentives perspective, therefore, efficiency is endogenous. In addition, the efficiency of the firm …
Persistent link: https://www.econbiz.de/10005781250
Following many years of underinvestment, renovating and building new transport infrastructure is an important policy priority that would increase labour mobility and improve Poland’s competitiveness. This goal is all the more feasible given that the country is going to benefit from substantial...
Persistent link: https://www.econbiz.de/10005046224
dynamics of PPP contracts and how the risk of regulatory opportunism affects contract design and incentives. …Building upon Iossa and Martimort (2008), we study the main incentive issues and the form of optimal contracts for … on incentives and risk transfer of bundling building and operation into a single contract. We consider the factors that …
Persistent link: https://www.econbiz.de/10005577276
European governments are increasingly committed to road safety, due to the impact of road accidents in terms of economic loss and as a public health threat. In addition to regulation, providing better road infrastructure is an essential strategy to promote road safety. This paper investigates...
Persistent link: https://www.econbiz.de/10009685114
This paper analyses the role of public-private partnerships (PPPs) for infrastructure development in the new EU member states and candidate countries in Central and Eastern Europe. We survey projects in transport, water, energy, and telecommunications sectors and then focus on the highway...
Persistent link: https://www.econbiz.de/10004984638
Persistent link: https://www.econbiz.de/10013370593
This paper offers an updated description of the macroeconomic and sectoral significance of PPPs in Europe - without assessing PPPs from a normative perspective. Building on Blanc-Brude et al. (2007), it looks at the evolution of PPPs in the EU, with a particular focus on the recent financial...
Persistent link: https://www.econbiz.de/10010273546
This research study aimed to assesses the impact of infrastructure based on the evaluation of infrastructure provision's effect on public finance, presenting the case of Kutaisi International Airport in Georgia. In the case, we assessed the impact of the airport on the public finances of the...
Persistent link: https://www.econbiz.de/10012610057
In many cases, the expected efficiency advantages of public-private partnership (PPP) projects as a specific form of infrastructure provision did not materialize ex post. From a Public Choice perspective, one simple explanation for many of the problems surrounding the governance of PPPs is that...
Persistent link: https://www.econbiz.de/10012143350
This research study aimed to assesses the impact of infrastructure based on the evaluation of infrastructure provision's effect on public finance, presenting the case of Kutaisi International Airport in Georgia. In the case, we assessed the impact of the airport on the public finances of the...
Persistent link: https://www.econbiz.de/10012253863