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Price Caps,Efficiency Payoffsand InfrastructureContractRenegotiation inLatin America Antonio EstacheJ. Luis GuaschLourdes Trujillo2003 год

Price Caps, Efficiency Payoffs and Infrastructure Contract Renegotiation in Latin America
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Аннотация: No AccessPolicy Research Working Papers25 Jun 2013Price Caps, Efficiency Payoffs and Infrastructure Contract Renegotiation in Latin AmericaAuthors/Editors: Antonio Estache, J. Luis Guasch, Lourdes TrujilloAntonio Estache, J. Luis Guasch, Lourdes Trujillohttps://doi.org/10.1596/1813-9450-3129SectionsAboutPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Twenty years ago, as the United Kingdom was getting ready to launch the privatization of its public services, Professor Littlechild developed and operationalized the concept of price caps as a regulatory regime to control for residual monopoly conditions in those services. Ten years later, Latin American countries, as they embarked into their own infrastructure reforms, also adopted the price cap regulatory model. Relying on a large data base on the factors driving contract renegotiation in the region and a survey of the literature on efficiency gains, Estache, Guasch, and Trujillo assess the impact of this regulatory regime in Latin America. They show that while the expected efficiency gains were amply achieved, these gains were seldom passed on to the users. Instead they were shared by the government and the firms. Moreover, the adoption of price caps implied higher costs of capital and hence, tariffs, and brought down levels of investment. This paper--a product of the Infrastructure Vice Presidency--is part of a larger effort in the vice presidency to improve knowledge of infrastructure needs. 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Год издания: 2003
Авторы: Antonio Estache, J. Luis Guasch, Lourdes Trujillo
Источник: World Bank policy research working paper
Ключевые слова: Public-Private Partnership Projects, Auction Theory and Applications, ICT Impact and Policies
Другие ссылки: World Bank policy research working paper (HTML)
Library Union Catalog of Bavaria, Berlin and Brandenburg (B3Kat Repository) (PDF)
Library Union Catalog of Bavaria, Berlin and Brandenburg (B3Kat Repository) (HTML)