Recent theoretical developments on concession contracts for long term infrastructure projects under uncertain demand show the benefits of allowing for flexible term contracts rather than fixing a rigid term. This study presents a simulation to compare both alternatives by using real data from...

The Andean High Pass Program is evaluated as a pure public sector infrastructure investment. Since each pass crosses the territory of Argentina to Chile, it is a bi-national investment. This infrastructural investment affects not only the economies of Argentina and Chile, but also those of other...