Deciding on Financial Renegotiation in Public-Private Partnership Projects
This paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first indicator is proposed based the public sector compara...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of A Coruna
2018-12-01
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| Series: | European Journal of Government and Economics |
| Subjects: | |
| Online Access: | http://revistas.udc.es/index.php/ejge/article/view/4508 |
| _version_ | 1818579628686573568 |
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| author | Wiston Risso |
| author_facet | Wiston Risso |
| author_sort | Wiston Risso |
| collection | DOAJ |
| description | This paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first indicator is proposed based the public sector comparator (PSC) that can be estimated by policymakers as an additional tool when deciding about renegotiation. A second more theoretical indicator is derived to analyze the economic and financial variables affecting renegotiation. This indicator is applied to four case studies in different countries (England, Taiwan, Portugal and China) and the results suggest that the model performs well. |
| first_indexed | 2024-12-16T07:04:44Z |
| format | Article |
| id | doaj.art-f76b315ad258411481041b9cc7d2a004 |
| institution | Directory Open Access Journal |
| issn | 2254-7088 |
| language | English |
| last_indexed | 2024-12-16T07:04:44Z |
| publishDate | 2018-12-01 |
| publisher | University of A Coruna |
| record_format | Article |
| series | European Journal of Government and Economics |
| spelling | doaj.art-f76b315ad258411481041b9cc7d2a0042022-12-21T22:40:05ZengUniversity of A CorunaEuropean Journal of Government and Economics2254-70882018-12-017210.17979/ejge.2018.7.2.4508Deciding on Financial Renegotiation in Public-Private Partnership ProjectsWiston Risso0University of the RepublicThis paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first indicator is proposed based the public sector comparator (PSC) that can be estimated by policymakers as an additional tool when deciding about renegotiation. A second more theoretical indicator is derived to analyze the economic and financial variables affecting renegotiation. This indicator is applied to four case studies in different countries (England, Taiwan, Portugal and China) and the results suggest that the model performs well.http://revistas.udc.es/index.php/ejge/article/view/4508RenegotiationValue for MoneyGame TheoryPublic-Private Partnership |
| spellingShingle | Wiston Risso Deciding on Financial Renegotiation in Public-Private Partnership Projects European Journal of Government and Economics Renegotiation Value for Money Game Theory Public-Private Partnership |
| title | Deciding on Financial Renegotiation in Public-Private Partnership Projects |
| title_full | Deciding on Financial Renegotiation in Public-Private Partnership Projects |
| title_fullStr | Deciding on Financial Renegotiation in Public-Private Partnership Projects |
| title_full_unstemmed | Deciding on Financial Renegotiation in Public-Private Partnership Projects |
| title_short | Deciding on Financial Renegotiation in Public-Private Partnership Projects |
| title_sort | deciding on financial renegotiation in public private partnership projects |
| topic | Renegotiation Value for Money Game Theory Public-Private Partnership |
| url | http://revistas.udc.es/index.php/ejge/article/view/4508 |
| work_keys_str_mv | AT wistonrisso decidingonfinancialrenegotiationinpublicprivatepartnershipprojects |