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quinta-feira, junho 02, 2011

The Portuguese Economy: The elusive source of Portugal's depression: privatizations?

The Portuguese Economy: The elusive source of Portugal's depression: privatizations?



There is quite a lot of material regarding capture of the Regulator, caputure of the the State in procurement transactions and more recently "capture of the Concedent".
In the case of PPP contracts with low traffic usage,which have contributed to the reduction of overall investment productivity, it is evident that strategic behaviour by concessionaires may have lead to renegotiations that are quite onerous and unsustainable for the Concedent.
Availability PPPs and renegoations with changes in risk allocations are an integral part of the "low productivity / high debt" problem in Portugal, certainly not a part of the solution.
Mariana Abrantes de Sousa
See Game Theory and PPPs and PPP Agency and sustainability in PPP Lusfonia blog http://ppplusofonia.blogspot.com/2011/03/agencia-das-ppps-e-sustentabilidade.html