Multidimensionality and Renegotiation : Evidence from Transport-Sector Public-Private-Partnership Transactions in Latin America

Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Us...

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Bibliographic Details
Main Authors:	Estache, Antonio, Guasch, Jose-Luis, Iimi, Atsushi, Trujillo, Lourdes
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE SELECTION AIRPORTS AUCTION AUCTION DESIGN AUCTION MECHANISM AUCTION MECHANISMS AUCTIONS BANKRUPTCIES BANKRUPTCY BID BIDDING FOR CONCESSIONS BIDDING PROCESS BIDS BUS BUS INDUSTRY CAPABILITY COMPETITIVE BIDDING COMPETITIVE PROCUREMENT CONCESSION CONTRACTS CONCESSION TRANSACTIONS CONCESSIONAIRES CONTRACT PERIODS COUNTRY DUMMY CREDIBILITY CURRENCY CURRENCY CRISIS DEFICITS DEVELOPING COUNTRIES DEVELOPMENT BANK DIESEL DIVESTITURE DUMMY VARIABLE DUMMY VARIABLES ELECTRICITY ELECTRICITY DISTRIBUTION FINANCIAL CAPACITY FINANCIAL VIABILITY FREIGHT FREIGHT SERVICE FUTURE DEMAND GLOBAL STANDARDS GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNANCE INDICES GOVERNMENT COMPENSATION GOVERNMENT POLICIES GOVERNMENT POLICY HIGHWAY HIGHWAY CONSTRUCTION HOLDING INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE OPERATIONS INFRASTRUCTURE SECTOR INSTRUMENT INTERNATIONAL BANK INVESTMENT REQUIREMENTS INVESTMENT VALUE LACK OF TRANSPARENCY LATIN AMERICAN LEASE CONTRACT LENGTH OF ROAD LENGTH OF ROADS LICENSES LIVING STANDARDS LOCOMOTIVE MIDDLE EAST MISSING DATA MOTORWAYS NATIONAL RAILWAY NETWORKS NEW TECHNOLOGY NORTH AFRICA PASSENGER RAIL PASSENGER SERVICES PASSENGER TRAIN POLITICAL CONSIDERATIONS POSITIVE COEFFICIENT POWER PRICE COMPETITION PRIVATE OPERATORS PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PUBLIC INFRASTRUCTURE PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC-PRIVATE PARTNERSHIP QUALITY OF SERVICES RAIL RAIL FREIGHT RAIL INDUSTRY RAIL PROJECTS RAIL SECTOR RAIL SERVICES RAILROAD RAILROAD CONCESSIONS RAILROADS RAILWAY RAILWAY COMPANIES RAILWAY COMPANY RAILWAY INDUSTRY RAILWAY NETWORK RAILWAY SECTOR RAILWAY SYSTEM RAILWAYS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK RELIABILITY RENEGOTIATION RENEGOTIATIONS RESULT RESULTS RETRENCHMENT RETURN ROAD ROAD CONCESSIONS ROAD PROJECTS ROAD SECTOR ROAD TRAFFIC ROUTES SANITATION SOCIAL COST SPEEDS SUB-SAHARAN AFRICA TARIFF CHANGES TECHNOLOGICAL DEVELOPMENT TECHNOLOGY DEVELOPMENT TELECOMMUNICATIONS TELEVISION TENDERS TOLL TOLL ROAD TRAFFIC TRANSACTION TRANSMISSION TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT SECTOR TRANSPORTATION TRUE UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN DEVELOPMENT USER UTILITIES WATER DISTRIBUTION WEB WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9670222/multidimensionality-renegotiation-evidence-transport-sector-public-private-partnership-transactions-latin-america http://hdl.handle.net/10986/6847