Renegotiation of concession contracts in Latin America

J. Luis Guasch, Jean-Jacques Laffont and Stephane Straub

No 3011, Policy Research Working Paper Series from The World Bank

Abstract: The authors construct a regulation model in which renegotiation occurs due to the imperfect enforcement of concession contracts. This enables the authors to provide theoretical predictions for the impact on the probability of renegotiation of a concession, regulatory institutions, institutional features, economic shocks, and the characteristics of the concession contracts. Then they use a data set of nearly 1,000 concessions awarded in Latin America and the Caribbean countries from 1989 to 2000 covering the sectors of telecommunications, energy, transport, and water to test these predictions. Finally, the authors derive some policy implications of their theoretical and empirical work.

Keywords: Environmental Economics&Policies; Health Economics&Finance; Administrative&Regulatory Law; Decentralization; Labor Policies; Health Economics&Finance; Environmental Economics&Policies; National Governance; Administrative&Regulatory Law; Public Sector Economics&Finance (search for similar items in EconPapers)
Date: 2003-04-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (71)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... d/PDF/multi0page.pdf (application/pdf)

Related works:
Working Paper: Renegotiation of Concession Contracts in Latin America (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:3011

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().