Browsing by Autor "Ronald Fischer"

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    Privatizing highways in the United States
    (2006) Eduardo Engel; Ronald Fischer; Alexander Galetovic
    Abstract. We review the experience of both private toll-roads built in the United States during the 1990s, and argue that the problems they encountered could have been avoided if the length of the franchise contract would adapt to demand realizations. We also argue in favor of adjudicating private toll-roads via BOT-type contracts in competitive (Demsetz) auctions. The lessons of this paper are relevant since growing congestion and troubled government finances have made private toll-roads increasingly attractive in the United States.
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    Privatizing Highways in the United States
    (Springer Science+Business Media, 2006) Eduardo Engel; Ronald Fischer; Alexander Galetovic
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    Renégociation des partenariats public-privé : théorie et données factuelles
    (Organization for Economic Cooperation and Development, 2018) Eduardo Engel; Ronald Fischer; Alexander Galetovic
    Les partenariats public-privé (PPP) sont des structures de financement complexes qui impliquent d’importants coûts de transaction et nécessitent souvent plusieurs centaines de pages de documentation juridique. Malgré le soin apporté à leur établissement, leur renégociation est monnaie courante, ce qui peut influer sur leur rentabilité. On ignore toutefois si cela tient à l’impossibilité de prévoir tous les cas de figure dans un contrat, ou à des raisons plus prosaïques.
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    Renegotiations in public-private partnerships: Theory and evidence
    (Organization for Economic Cooperation and Development, 2017) Eduardo Engel; Ronald Fischer; Alexander Galetovic
    Public-private partnerships (PPPs) have the potential to increase efficiency and improve resource allocation. However, contract renegotiations are common and make us question the benefits of PPPs.