Renegotiation of Infrastructure Concessions: An Overview

15 Pages Posted: 29 Nov 2006

See all articles by J. Luis Guasch

J. Luis Guasch

World Bank - Finance, Private Sector and Infrastructure Sector (LCSFP)

Stéphane Straub

University of Toulouse 1 - Toulouse School of Economics (TSE)

Abstract

Numerous renegotiations have plagued Latin American infrastructure concession contracts in the 1990s, to the point that private sector involvement is being questioned in some countries. This issue has been analyzed in a series of papers by Guasch et al. (2003, 2006a, 2006b). After putting these contributions in the context of the theoretical and empirical literature on contract renegotiation, this note surveys the existing evidence on the determinants of these renegotiations and discusses the main policy implications regarding the necessity of efficient regulatory institutions and the adequate type of price regulation.

Suggested Citation

Guasch, José Luis and Straub, Stephane, Renegotiation of Infrastructure Concessions: An Overview. Annals of Public and Cooperative Economics, Vol. 77, No. 4, pp. 479-493, December 2006. Available at SSRN: https://ssrn.com/abstract=947939 or http://dx.doi.org/10.1111/j.1467-8292.2006.00316.x

José Luis Guasch (Contact Author)

World Bank - Finance, Private Sector and Infrastructure Sector (LCSFP) ( email )

1818 H Street, NW
Washington, DC 20433
United States
202 473 8606 (Phone)
202 522 2106 (Fax)

Stephane Straub

University of Toulouse 1 - Toulouse School of Economics (TSE) ( email )

21 Allée de Brienne
F-31042 Toulouse Cedex, 31000
France
05 61 12 85 37 (Phone)
05 61 12 85 38 (Fax)

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