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Forum on Competition and Regulation
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3rd April, 2008
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Introduction
Public-private partnerships (PPPs), also referred to as infrastructure concessions or franchises, have been hallowed as a "third way'' between public provision and privatization. Substituting private firms for public provision brings many potential benefits, or so it has been claimed. Yet the results that PPPs have produced around the world so far are mixed at best. This suggests it is time to step back and think about some fundamental questions. What is the rationale behind a PPP? Why and under what circumstances is a PPP better than either public provision or outright privatization? If a government decides to go ahead with a PPP, how should risks be allocated among users, the government and the private firm? Should subsidies be granted? How should PPPs be accounted for in the budget? And turning from normative to positive issues: what can be said about the politics of PPP? Why are opportunistic renegotiations pervasive? Can this be prevented? In this course we will tackle these questions.
Program
19:00-20:30 Infrastructure Concessions
How to do it better?
Speaker: Eduardo Engel, University of Yale Chairman: Manel Nadal i Farreras, Secretari per a la Mobilitat, Generalitat de Catalunya Eduardo Martín Engel Goetz was born in 1956 in Chile. Since 2001 he is a Professor of Economics at Yale University, USA. He has an Engineering degree (University of Chile, 1980) and a Ph.D. in Statistics (Stanford University, 1987) and Economics (Massachussets Institute of Technology (MIT), 1991). His teaching and research fields include Macroeconomics, Public Finance and Econometrics Problems in Latin America. Eduardo Engel was a Professor of Industrial Engineering at the University of Chile (1998-2001), an Associate Professor at the same university between 1995 and 1998, and an Assistant Professor of Public Policy (Harvard University, 1992-1995). He also was a Visiting Instructor at MIT, 1991-1992, and an Assistant Professor at the University of Chile (1980-1983). Engel has won many honors and awards, like the Frisch Metal of the Econometric Society, the National Science Foundation Grant (2006), and the Graduate Teacher of the Year (2003 and 2001) at the Department of Economics of the Yale University. He also was chosen by “El Mercurio” Chile’s Economist of the Year 2002. 20:30 Cocktail Reception
Coordinator
Xavier Vives
Professor of Economics
Academic Director, Public-Private Sector Research Center of IESE Business School.
SP-SP Center
The Public-Private Sector Research Center was created in October of 2001. Its mission is to foster cooperation between the private sector and public administrations, as well as the exchange of ideas and initiatives, through dialogue, research and education.
Sponsors of the SP-SP Center
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In accordance with the wording of the Organic Act 15/99, IESE, Universidad de Navarra (hereinafter IESE), informs that the Personally Identifiable Information (Personal Information) used in this communication, is included in a computerized file of which IESE is ultimately responsible for. If you wish to exercise your rights of access, modification, cancellation and/or opposition, you can send a letter to SP-SP Center, Av. Pearson 21, 08034, Barcelona or an electronic mail to spsp@iese.edu
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Barcelona (+34) 93 253 42 00 |
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Madrid (+34) 91 211 30 00 |
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