Tabla de Contenidos:
  • 1. Overview
  • 2. Options for private participation in infrastructure
  • 3. Concessions and the problem of renegotiation
  • 4. Anecdotal evidence of the drivers of renegotiation
  • 5. Renegotiation in theory and practice
  • 6. Confirming anecdote and theory : empirical analysis of the determinants of renegotiation
  • 7. Policy implications and lessons : guidelines for optimal concession design
  • 8. Conclusion
  • Appendix 1. Data description
  • Appendix 2. Choice and definition of independent variables
  • Appendix 3. Econometric analysis : results of the probit estimations.