The authors complement the existing knowledge in the renegotiation literature on infrastructure concessions by analyzing government-led renegotiations. They first propose a multiple-period theoretical...
This paper develops a model to analyze the impacts of asymmetric information on optimal universal, service policy in the public utilities of developing countries. Optimal universal service policy is implemented...
In recent years the renegotiation and, even more, the cancellation of private infrastructure projects in developing countries have made the headlines in the world's financial press. For a variety of reasons...
Public sector downsizing: an introduction, by Martin Rama. Cross-country evidence on public sector retrenchment, by John Haltiwanger and Manisha Singh. The efficient mechanism for downsizing the public...