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Author: Renato E. Reside Publisher: ISBN: Category : Philippines Languages : en Pages : 40
Book Description
With asymmetric information, investors are offered a pair of incentive-compatible contracts covering production, tariff and guarantee coverage. Both contracts offer identical production quantities, but the contract designed for high risk investors offers over-insurance and tariff below marginal cost, while the contract designed for low risk investors offers under-insurance with tariff above marginal cost. This benchmark outcome may motivate solutions to adverse selection, incentive and risk-sharing problems in contracts involving private sector participation in infrastructure development projects in the Philippines.
Author: Renato E. Reside Publisher: ISBN: Category : Philippines Languages : en Pages : 40
Book Description
With asymmetric information, investors are offered a pair of incentive-compatible contracts covering production, tariff and guarantee coverage. Both contracts offer identical production quantities, but the contract designed for high risk investors offers over-insurance and tariff below marginal cost, while the contract designed for low risk investors offers under-insurance with tariff above marginal cost. This benchmark outcome may motivate solutions to adverse selection, incentive and risk-sharing problems in contracts involving private sector participation in infrastructure development projects in the Philippines.
Author: Manal Fouad Publisher: International Monetary Fund ISBN: 1513576569 Category : Business & Economics Languages : en Pages : 61
Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Author: Harry Anthony Patrinos Publisher: World Bank Publications ISBN: 0821379038 Category : Education Languages : en Pages : 116
Book Description
The book offers an overview of international examples, studies, and guidelines on how to create successful partnerships in education. PPPs can facilitate service delivery and lead to additional financing for the education sector as well as expanding equitable access and improving learning outcomes.
Author: Edward Farquharson Publisher: World Bank Publications ISBN: 0821385526 Category : Business & Economics Languages : en Pages : 200
Book Description
The purpose of this guide is to enhance the chances of effective partnerships being developed between the public and the private-sector by addressing one of the main obstacles to effective PPP project delivery: having the right information on the right projects for the right partners at the right time.
Author: United Nations. Economic Commission for Europe Publisher: ISBN: Category : Business & Economics Languages : en Pages : 108
Book Description
This guidebook offers training modules for the promotion of public-private partnerships in the delivery of public services. PPPs in theory are supposed to combine the best of both worlds. The private sector with its resources, management skills and technology; and the public sector with its regulatory actions and protection of the public interest provide a balance in delivering public service. PPPs though are also complex in nature, requiring different types of skills and new enabling institutions and they lead to changes in the status of public sector jobs. To work well, they require "good governance", that is, well-functioning institutions, transparent, efficient procedures and accountable and competent public and private sectors. This guidebook therefore seeks to elaborate best practice and is aimed at policymakers, government officials and the private sector.
Author: Jane Beckett-Camarata Publisher: Emerald Group Publishing ISBN: 1839096543 Category : Political Science Languages : en Pages : 276
Book Description
Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.
Author: OECD Publisher: OECD Publishing ISBN: 9264034102 Category : Languages : en Pages : 34
Book Description
The OECD Principles for Private Sector Participation in Infrastructure aim to help governments work with private-sector partners to finance and bring to fruition infrastructure projects in areas of vital economic importance, such as transport, water ...
Author: Mohua Mukherjee Publisher: World Bank Publications ISBN: 1464803404 Category : Business & Economics Languages : en Pages : 185
Book Description
Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.
Author: Mohamed Ismail Publisher: Routledge ISBN: 0429799101 Category : Law Languages : en Pages : 201
Book Description
This book provides a comprehensive overview of the law surrounding PPPs in the Middle East and North African region. The significance of liberalised and integrated Public Private Partnership Contracts as an essential component of the world legal and policy order is well documented. The regulation of PPPs is justified economically to allow for competition in the relevant public service and to achieve price transparency, thus resulting in significant savings for the public sector. In parallel to the economic justifications, legal imperatives have also called for the regulation of PPPs in order to allow free movement of goods and services and to prohibit discrimination on grounds of nationality. The need for competitiveness and transparency in delivering public services through PPPs is considered a safeguard to achieve international standards in delivering public utility services. First, it assesses the compatibility of the current PPPs legislation and regulation in the MENA region with the international standards of legislation and regulation prevalent in many other countries, including the UK, France and Brazil. Secondly, it compares the practices in the MENA region with those of international bodies such as the OECD and World Bank. Comparisons are then made between the MENA countries and those in Europe and Asia with regard to the influence of culture, policy and legal globalization. The book will be of interest to scholars and students in the field of international contract law, public law and state contracts, finance law and private law.
Author: Renato E. Reside
Author: Renato E. Reside
Author: Manal Fouad
Author: Harry Anthony Patrinos
Author: Edward Farquharson
Author: United Nations. Economic Commission for Europe
Author: Jane Beckett-Camarata
Author: OECD
Author: Mohua Mukherjee
Author: Mohamed Ismail
Author: Hans Wilhelm Alfen