Narrow search
Showing 1 - 3 of 3
Cover Image
A Theory of BOT Concession Contracts
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
Cover Image
Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …
Persistent link: https://www.econbiz.de/10005067470
Cover Image
Infrastructure and Public Utilities Privatization in Developing Countries
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006
absence of a credible regulatory agency, regulation is achieved through public ownership. …
Persistent link: https://www.econbiz.de/10005124293