Výsledky vyhledávání

Do exit options increase the value-for-money of public-private partnerships?

Autor: Cesare Dosi, Marco Buso, Michele Moretto

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be financially loss-making. In a continuous-time setting with hidden information about operating profits, we show that

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::554a986ecdbf78ec65e845148424cd8a
https://hdl.handle.net/11577/3395336

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Excess returns in Public-Private Partnerships: Do governments pay too much?

Autor: Dimitrios Zormpas, Michele Moretto, Marco Buso

We study the optimal design of Public-Private Partnerships (PPPs) when there is unobservable action on the private party's side. We show that if the private party does not have negotiating power over the project's surplus, then no inefficient delays

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::da3ee75346cad087306f28466f3eedb7
http://hdl.handle.net/10807/201641

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Competition in smart distribution grids

Autor: Marina Bertolini, Marco Buso, Luciano Greco

Smart grids are often considered a cornerstone of energy transition and market liberalization in electric industries. From a critical reading of the interdisciplinary academic and governmental literature, we draw a new definition of grid smartness th

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7327493240a4d4c171f48352827a4bb2
http://hdl.handle.net/10807/170997

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Bundling versus unbundling: asymmetric information on information externalities

Autor: Marco Buso

This paper addresses the benefits of bundling two sequential activities in the context of public–private partnerships (PPPs). The paper introduces a source of asymmetric information in the form of an externality parameter that links the building st

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::30f8d80190e8cb68b360c082fb2c0d8b
https://hdl.handle.net/11577/3472181

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Private investment with social benefits under uncertainty: The dark side of public financing

Autor: Marco Buso, Kene Boun My, Giuseppe Attanasi, Anne Stenger

Publikováno v: Journal of Public Economic Theory
Journal of Public Economic Theory, Wiley, In press, pp.1-52. ⟨10.1111/jpet.12358⟩
Journal of Public Economic Theory, Wiley, 2020, 22 (3), pp.769-820. ⟨10.1111/jpet.12358⟩
Journal of Public Economic Theory, 2020, 22 (3), pp.769-820. ⟨10.1111/jpet.12358⟩

In this paper we first develop a theoretical model characterized by sequential activities (initial investment and management effort) and moral hazard. The game is an interaction between two agents: the first is in charge of the two tasks that imply a

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::735410ccf223f8db5fca5fec21b28850
https://halshs.archives-ouvertes.fr/halshs-02398654

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Termination Fees and Contract Design in Public-Private Partnerships

Autor: Cesare Dosi, Michele Moretto, Marco Buso

Publikováno v: SSRN Electronic Journal.

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::fce1df526c6b001b9db41aa4e772eb54
https://doi.org/10.2139/ssrn.3313335

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Public-private partnerships as a policy response to climate change

Autor: Anne Stenger, Marco Buso

Publikováno v: Energy Policy
Energy Policy, Elsevier, 2018, 119, pp.487-494. ⟨10.1016/j.enpol.2018.04.063⟩

The negative impacts of climate change on the environment and economic activities are increasingly obvious and relevant. Private response to this threat often proves to be inadequate. For example, empirical evidence reveals a sub-optimal investment b

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bd5423b3c3067adb5b349a5b1361d5e7
https://hal.archives-ouvertes.fr/hal-01952098

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