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. Using auction data from road and railway concessions i...
Gespeichert in:
| Hauptverfasser: | , , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
|
| Schlagworte: | |
| Online-Zugang: | URL des Erstveröffentlichers |
| Zusammenfassung: | 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. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem |
| Beschreibung: | Weitere Ausgabe: Estache, Antonio: Multidimensionality And Renegotiation |
| Beschreibung: | 1 Online-Ressource (30 Seiten) |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040619269 | ||
| 003 | DE-604 | ||
| 005 | 20250214 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s2008 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093232160 | ||
| 035 | |a (OCoLC)837093369 | ||
| 035 | |a (DE-599)GBVNLM005468310 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Estache, Antonio |d 1957- |e Verfasser |0 (DE-588)171086791 |4 aut | |
| 245 | 1 | 0 | |a Multidimensionality And Renegotiation |b Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |c Estache, Antonio |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2008 | |
| 300 | |a 1 Online-Ressource (30 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Weitere Ausgabe: Estache, Antonio: Multidimensionality And Renegotiation | ||
| 520 | 1 | |a 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. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem | |
| 534 | |c 2008 | ||
| 653 | |a Costs | ||
| 653 | |a Debt Markets | ||
| 653 | |a Diesel | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Infrastructure | ||
| 653 | |a Infrastructure Economics | ||
| 653 | |a Infrastructure Economics and Finance | ||
| 653 | |a Infrastructure development | ||
| 653 | |a Policies | ||
| 653 | |a Railway | ||
| 653 | |a Railway industry | ||
| 653 | |a Road | ||
| 653 | |a Transparency | ||
| 653 | |a Transport | ||
| 653 | |a Transport Economics, Policy and Planning | ||
| 700 | 1 | |a Iimi, Atsushi |e Verfasser |0 (DE-588)130060712 |4 aut | |
| 700 | 1 | |a Guasch, Jose-Luis |e Verfasser |4 aut | |
| 700 | 1 | |a Trujillo Castellano, Lourdes |e Verfasser |0 (DE-588)171371747 |4 aut | |
| 776 | 0 | 8 | |i Reproduktion von |a Estache, Antonio |t Multidimensionality And Renegotiation |d 2008 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4665 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025446768 | |
Datensatz im Suchindex
| DE-BY-FWS_katkey | 461978 |
|---|---|
| _version_ | 1824555621112872961 |
| adam_text | |
| any_adam_object | |
| author | Estache, Antonio 1957- Iimi, Atsushi Guasch, Jose-Luis Trujillo Castellano, Lourdes |
| author_GND | (DE-588)171086791 (DE-588)130060712 (DE-588)171371747 |
| author_facet | Estache, Antonio 1957- Iimi, Atsushi Guasch, Jose-Luis Trujillo Castellano, Lourdes |
| author_role | aut aut aut aut |
| author_sort | Estache, Antonio 1957- |
| author_variant | a e ae a i ai j l g jlg c l t cl clt |
| building | Verbundindex |
| bvnumber | BV040619269 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093232160 (OCoLC)837093369 (DE-599)GBVNLM005468310 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040619269</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250214</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s2008 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093232160</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)837093369</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005468310</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Estache, Antonio</subfield><subfield code="d">1957-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)171086791</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Multidimensionality And Renegotiation</subfield><subfield code="b">Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America</subfield><subfield code="c">Estache, Antonio</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (30 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Weitere Ausgabe: Estache, Antonio: Multidimensionality And Renegotiation</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">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. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">2008</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Costs</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Diesel</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Infrastructure</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Infrastructure Economics</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Infrastructure Economics and Finance</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Infrastructure development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Policies</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Railway</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Railway industry</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Road</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Transparency</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Transport</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Transport Economics, Policy and Planning</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Iimi, Atsushi</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130060712</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Guasch, Jose-Luis</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Trujillo Castellano, Lourdes</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)171371747</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Estache, Antonio</subfield><subfield code="t">Multidimensionality And Renegotiation</subfield><subfield code="d">2008</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4665</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025446768</subfield></datafield></record></collection> |
| id | DE-604.BV040619269 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-20T07:10:34Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446768 |
| oclc_num | 837093369 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (30 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Estache, Antonio 1957- Iimi, Atsushi Guasch, Jose-Luis Trujillo Castellano, Lourdes Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |
| title | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |
| title_auth | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |
| title_exact_search | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |
| title_full | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America Estache, Antonio |
| title_fullStr | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America Estache, Antonio |
| title_full_unstemmed | Multidimensionality And Renegotiation Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America Estache, Antonio |
| title_short | Multidimensionality And Renegotiation |
| title_sort | multidimensionality and renegotiation evidence from transport sector public private partnership transactions in latin america |
| title_sub | Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4665 |
| work_keys_str_mv | AT estacheantonio multidimensionalityandrenegotiationevidencefromtransportsectorpublicprivatepartnershiptransactionsinlatinamerica AT iimiatsushi multidimensionalityandrenegotiationevidencefromtransportsectorpublicprivatepartnershiptransactionsinlatinamerica AT guaschjoseluis multidimensionalityandrenegotiationevidencefromtransportsectorpublicprivatepartnershiptransactionsinlatinamerica AT trujillocastellanolourdes multidimensionalityandrenegotiationevidencefromtransportsectorpublicprivatepartnershiptransactionsinlatinamerica |