Barreto Nieto, Carlos Alberto (2010): Modelo de Unión Público-Privado: una aproximación desde la Teoría de Contratos.
Download (234kB) | Preview
In the adjudication of several stages of an infrastructure project to develop a public service, when there is only private participation, there are strong incentives to reduce costs over the life of the project, which may affect the quality of service. In this paper, after a model extension to Hart (2003), is evaluated in more detail the advantages of the concession model, considering different classes of property in its implementation and introducing a simple mechanism to renegotiate, concluding that participation government is not justified for their ability to make innovations in quality, but because it is a mechanism to internalize the costs and benefits that may result in investment to reduce cost by the private party.
|Item Type:||MPRA Paper|
|Original Title:||Modelo de Unión Público-Privado: una aproximación desde la Teoría de Contratos|
|English Title:||Public Private-Partnership: an approach from contract theory|
|Keywords:||Teoría de contratos, Unión Público Privado, Privatización|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L14 - Transactional Relationships ; Contracts and Reputation ; Networks
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R42 - Government and Private Investment Analysis ; Road Maintenance ; Transportation Planning
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L24 - Contracting Out ; Joint Ventures ; Technology Licensing
L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out
|Depositing User:||Carlos Alberto Barreto Nieto|
|Date Deposited:||07. Jul 2011 08:19|
|Last Modified:||13. Apr 2015 21:11|
Bettignies, J; Ross, T. 2004. The Economics of Public- Private Partnerships. Canadian Public Policy / Analy de Politiques, Vol. 30, No. 2, pp. 135-154.
Bennet, J; Iosaa, E. 2006. Building and managing facilities for public services. Journal of Public Economics, Vol 90, pp. 2143- 2160.
Bentz, A; Grout, P; Halonen, M. 2001. What should the state buy? CMPO Working Paper No. 01/40, University of Bristol.
Besley, T; Ghatak M. 2001. Government versus Private Ownership of public goods. Quarterly Journal of economics, Vol. 116, No 4, pp. 1343-72
Coase, R. 1937. The nature of the firm. Economica, Vol 4, pp. 386-405.
Comisión de las comunidades europeas. 2004. Libro Verde: Sobre la colaboración publico privada y el derecho comunitario en materia de contratación pública y concesiones. Bruselas. 30/04/2007
Crocker, K; Masten, S.1996. Regulation and Administered Contracts Revisited: Lessons from Transaction-Cost Economics for Public Utility Regulation. Journal of Regulatory Economics, Vol 9, pp. 5-40.
Grossman, S; Hart, O. 1986. The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration. Journal of political Economy, No 94, pp. 691-719.
Hart, O. 1995. Firms, Contracts, and Financial Structure. Oxford University Press. Clarendon Lectures in Economics.
Shleifer, A; Vishny, R. 1997. The proper scope of government: theory and an application to prisons. Quarterly Journal of Economics, vol. 112, No 4, pp. 1126–61.
Shleifer, A; Vishny, R. 2003. Incomplete contracts and public ownership: remarks, and application to public private partnership. Economic Journal, Vol 119, pp. 69-76.
IADB. 2006. Financial Structuring Of Infrastructure Projects in Public Private Partnership: An Application to Water Projects. Inter-American Development Bank.
Iossa, E; Martimor, D. 2008. The simple microeconomics of Public Private Partnership. CMPO Working Paper Series No. 08/199, University of Bristol
Laffont, J; Martimor D. 2002. Theory of Incentives: The Principal Agent Model. Princeton University Press.
Martimor, D; Pouyet, J. 2007. “Build it Not: Normative and Positive Theories of Public Private Partnership”. Forthcoming in international Journal of Industrial Organization. Special Issue on PPPs.
Salanié, B. 2005. The economics of contracts: A primer. Second edition. The MIT Press.
Shleifer, A. 1998. State versus private ownership. Journal of Economic Perspectives, vol. 12, No 4, pp. 133–50.
Schmidt, K. 1996. The Costs and Benefits of Privatization: An Incomplete Contracts Approach. Journal of Law, Economics and Organization, Vol 12, pp. 1-24.
Schmitz, P. 2000. Partial privatization and incomplete contracts: the proper scope of government reconsidered. Finanz Archiv, vol. 57, pp. 394–411.
Tirole, Jean. 1999. Incomplete contracts: where do we stand?. Econometrica, Vol 67, No. 4, pp. 741-781.
Tirole, Jean. 1990. La teoría de la organización industrial. Editorial Ariel, S.A. Barcelona, España.