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  • Estache, Antonio  (9)
  • Iimi, Atsushi  (6)
  • Washington, D.C : The World Bank  (12)
  • Infrastructure Economics and Finance  (9)
  • E-Business  (8)
  • 1
    Online Resource
    Online Resource
    Estimating the Demand for Informal Public Transport : Evidence from Antananarivo, Madagascar (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als Iimi, Atsushi Estimating the Demand for Informal Public Transport: Evidence from Antananarivo, Madagascar
    Keywords: Demand Analysis ; Energy ; Energy Production and Transportation ; Environment ; Informal Public Transport ; Informal Transportation ; Infrastructure Economics and Finance ; Pollution Management and Control ; Population Growth ; Private Participation in Infrastructure ; Traffic Congestion ; Transport Globl Knowledge and Expertise ; Urban Environment ; Urban Infrastructure ; Urban Mobility ; Urban Transport ; Urban Transportation
    Abstract: Informal public transport has been growing rapidly in many developing countries. Because urban infrastructure development tends to lag rapid population growth, informal public transport often meets the growing gap between demand and supply in urban mobility. Despite the rich literature primarily focused on formal transport modes, the informal transport sector is relatively unknown. This paper analyzes the demand behavior in the "informal" minibus sector in Antananarivo, Madagascar, taking advantage of a recent user survey of thousands of people. It finds that the demand for informal public transport is generally inelastic. Essentially, people have no other choice. While the time elasticity is estimated at -0.02 to -0.05, the price elasticity is -0.05 to -0.06 for short-distance travelers, who may have alternative choices, such as motorcycle taxi or walking. Unlike formal public transportation, the demand also increases with income. Regardless of income level, everyone uses minibuses. The estimated demand functions indicate that people prefer safety and more flexibility in transit. The paper shows that combining these improvements and fare adjustments, the informal transport sector can contribute to increasing people's mobility and reducing traffic congestion in the city
    DOI: 10.1596/1813-9450-10006
    URL: Deutschlandweit zugänglich
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  • 2
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    Online Resource
    Multidimensionality And Renegotiation : Evidence From Transport-Sector Public-Private-Partnership Transactions In Latin America (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Multidimensionality And Renegotiation
    Keywords: Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem
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  • 3
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    Effects of improving infrastructure quality on business costs : evidence from firm-level data (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi Effects of improving infrastructure quality on business costs
    Keywords: Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation ; Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation ; Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation
    Abstract: Economic development is affected by infrastructure services in both volume and quality terms. However, the quality of infrastructure is relatively difficult to measure and assess. The current paper, using firm-level data collected by a business environment assessment survey in 26 countries in Europe and Central Asia, estimates the marginal impacts on firm costs of infrastructure quality. The results suggest that the reliability or continuity of services is important for business performance. Firm costs significantly increase when electricity outages occur more frequently and the average outage duration becomes longer. Similarly, increased hours of water supply suspensions also reduce firms' competitiveness. In these countries, it is found that the total benefit for the economy from eliminating the existing electricity outages ranges from 0.5 to 6 percent of gross domestic product. If all water suspensions are removed, the economy could receive a gain of about 0.5 to 2 percent of gross domestic product. By contrast, the quality of telecommunications services seems to have no significant impact
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  • 4
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    Bidder Asymmetry In Infrastructure Procurement : Are There Any Fringe Bidders? (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Bidder Asymmetry In Infrastructure Procurement
    Keywords: Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure ; Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure ; Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure
    Abstract: Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects. Entrant bidders are considered a key to enhance competition in an auction and break potential collusive arrangements among incumbent bidders. Asymmetric auction theory predicts that weak (fringe) bidders would bid more aggressively when they are faced with a strong (incumbent) opponent. Using official development assistance procurement data, this paper finds that in the major infrastructure sectors, entrants submitted systematically aggressive bids in the presence of an incumbent bidder. The findings also show that a high concentration of incumbents in an auction would harm auction efficiency, raising procurement costs. The results suggest that auctioneers should encourage fringe bidders to actively participate in the bidding process while maintaining the quality of the projects. This is conducive to enhancing competitive circumstances in public procurements and improving allocative efficiency
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  • 5
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    Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed
    Keywords: Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs
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  • 6
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    Regulatory Agencies : Impact On Firm Performance And Social Welfare (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Regulatory Agencies
    Keywords: Electric utilities ; Electricity sector ; Emerging Markets ; Energy ; Energy Production and Transportation ; Independent regulators ; Independent regulatory ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure industries ; Private Sector Development ; Private ownership ; Privatization ; Public Sector Economics and Finance ; Regulatory Agencies ; Regulatory agency ; Regulatory reforms ; Service delivery ; Electric utilities ; Electricity sector ; Emerging Markets ; Energy ; Energy Production and Transportation ; Independent regulators ; Independent regulatory ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure industries ; Private Sector Development ; Private ownership ; Privatization ; Public Sector Economics and Finance ; Regulatory Agencies ; Regulatory agency ; Regulatory reforms ; Service delivery ; Electric utilities ; Electricity sector ; Emerging Markets ; Energy ; Energy Production and Transportation ; Independent regulators ; Independent regulatory ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure industries ; Private Sector Development ; Private ownership ; Privatization ; Public Sector Economics and Finance ; Regulatory Agencies ; Regulatory agency ; Regulatory reforms ; Service delivery
    Abstract: The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare
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  • 7
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    Price Structure And Network Externalities In The Telecommunications Industry : Evidence From Sub-Saharan Africa (2007)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi Price Structure And Network Externalities In The Telecommunications Industry
    Keywords: Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure ; Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure ; Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure
    Abstract: Many developing countries have experienced significant developments in their telecommunications network. Countries in Africa are no exception to this. The paper examines what factor facilitates most network expansion using micro data from 45 fixed-line and mobile telephone operators in 18 African countries. In theory the telecommunications sector has two sector-specific characteristics: network externalities and discriminatory pricing. It finds that many telephone operators in the region use peak and off-peak prices and termination-based price discrimination, but are less likely to rely on strategic fee schedules such as tie-in arrangements. The estimated demand function based on a discreet consumer choice model indicates that termination-based discriminatory pricing can facilitate network expansion. It also shows that the implied price-cost margins are significantly high. Thus, price liberalization could be conducive to development of the telecommunications network led by the private sector. Some countries in Africa are still imposing certain price restrictions. But more important, it remains a policy issue how the authorities should ensure reciprocal access between operators at reasonable cost
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  • 8
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    Government Expenditures On Education, Health, And Infrastructure : A Naive Look At Levels, Outcomes, And Efficiency (2007)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Trujillo, Lourdes Government Expenditures On Education, Health, And Infrastructure
    Keywords: Accountability ; Allocation ; E-Business ; Expenditure levels ; Fiscal adjustment ; Government Expenditures ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Labor Policies ; Private Sector Development ; Programs ; Public Sector Expenditure Analysis and Management ; Public expenditure ; Public expenditures ; Public sector ; Social Protections and Labor ; Total expenditure ; Transport ; Transport Economics, Policy and Planning ; Accountability ; Allocation ; E-Business ; Expenditure levels ; Fiscal adjustment ; Government Expenditures ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Labor Policies ; Private Sector Development ; Programs ; Public Sector Expenditure Analysis and Management ; Public expenditure ; Public expenditures ; Public sector ; Social Protections and Labor ; Total expenditure ; Transport ; Transport Economics, Policy and Planning ; Accountability ; Allocation ; E-Business ; Expenditure levels ; Fiscal adjustment ; Government Expenditures ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Labor Policies ; Private Sector Development ; Programs ; Public Sector Expenditure Analysis and Management ; Public expenditure ; Public expenditures ; Public sector ; Social Protections and Labor ; Total expenditure ; Transport ; Transport Economics, Policy and Planning
    Abstract: All interested parties seem to agree that it is important to be able to monitor public sector performance at the sectoral level, but most current work based on multi-country databases does not lend itself to country-specific conclusions. This is due to a large extent to major data limitations both on sectoral expenditures and on sectoral outcomes. This paper discusses the related issues and shows what we can do with the current data inspite of the drastic limitations. The main conclusions of the paper are that any efforts to assess country-specific performances in relative terms are likely to be difficult in view of the data problems. A rough sense of performance across sectors can be estimated for groups of countries, allowing some modest benchmarking exercises. These estimates show that low-income countries generally lag significantly behind higher-income countries. Efficiency has improved during the 1990s in energy and education but has not improved significantly in transport
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  • 9
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    Utilities Reforms And Corruption In Developing Countries (2006)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Utilities Reforms And Corruption In Developing Countries
    Keywords: Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation ; Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation ; Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation
    Abstract: This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads to adjustments in the quantity, quality, and price of services consistent with the profit-maximizing behavior that one would expect from monopolies in the sector. The results suggest that privatization and the introduction of independent regulators have, at best, only partial effects on the consequences of corruption for access, affordability, and quality of utility services
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  • 10
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    A "Research" Database On Infrastructure Economic Performance, Vol. 1 of 2 (2005)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (152 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio A "Research" Database On Infrastructure Economic Performance, Vol. 1 of 2
    Keywords: Aircraft ; Cellular Telephones ; Costs ; E-Business ; Energy ; Energy Production and Transportation ; Fuel ; Fuels ; ICT Policy and Strategies ; Information and Communication Technologies ; Infrastructure ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Transport ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector Development ; Rail ; Railways ; Rebates ; Roads ; Sanitation ; Tax ; Taxes ; Town Water Supply and Sani ; Transport ; Transport Economics, Policy and Planning ; Water Supply and Sanitation ; Aircraft ; Cellular Telephones ; Costs ; E-Business ; Energy ; Energy Production and Transportation ; Fuel ; Fuels ; ICT Policy and Strategies ; Information and Communication Technologies ; Infrastructure ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Transport ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector Development ; Rail ; Railways ; Rebates ; Roads ; Sanitation ; Tax ; Taxes ; Town Water Supply and Sani ; Transport ; Transport Economics, Policy and Planning ; Water Supply and Sanitation ; Aircraft ; Cellular Telephones ; Costs ; E-Business ; Energy ; Energy Production and Transportation ; Fuel ; Fuels ; ICT Policy and Strategies ; Information and Communication Technologies ; Infrastructure ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Transport ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector Development ; Rail ; Railways ; Rebates ; Roads ; Sanitation ; Tax ; Taxes ; Town Water Supply and Sani ; Transport ; Transport Economics, Policy and Planning ; Water Supply and Sanitation
    Abstract: The authors present an infrastructure database that was assembled from multiple sources. Its main purposes are: (1) to provide a snapshot of the sector as of the end of 2004; and (2) to facilitate quantitative analytical research on infrastructure. The paper includes definitions, source information, and the most recent data available for 37 performance indicators that proxy access, affordability, and quality of service. Additionally, the database includes a snapshot of 15 reform indicators across infrastructure sectors
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  • 11
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    Comparing the Performance of Public and Private Water Companies in the Asia and Pacific Region : What a Stochastic Costs Frontier Shows (1999)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Comparing the Performance of Public and Private Water Companies in the Asia and Pacific Region
    Keywords: E-Business ; Economic Theory and Research ; Education ; Ground Water ; Industry ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Knowledge for Development ; Labor Policies ; Litres Per Day ; Macroeconomics and Economic Growth ; Number Of Connections ; Operational Costs ; Operational Expenses ; Performance Indicators ; Private Operators ; Private Sector Development ; Private Water Companies ; Public Utilities ; Raw Water ; Social Protections and Labor ; Surface Sources ; Surface Water ; Town ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Utilities ; Water ; Water Conservation ; Water Distribution ; Water Production ; Water Resources ; Water Sector ; Water Services ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water and Industry ; Wells ; E-Business ; Economic Theory and Research ; Education ; Ground Water ; Industry ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Knowledge for Development ; Labor Policies ; Litres Per Day ; Macroeconomics and Economic Growth ; Number Of Connections ; Operational Costs ; Operational Expenses ; Performance Indicators ; Private Operators ; Private Sector Development ; Private Water Companies ; Public Utilities ; Raw Water ; Social Protections and Labor ; Surface Sources ; Surface Water ; Town ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Utilities ; Water ; Water Conservation ; Water Distribution ; Water Production ; Water Resources ; Water Sector ; Water Services ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water and Industry ; Wells
    Abstract: July 1999 - Efficiency indicators can be useful to regulators assessing the efficiency of an operation and the wedge between tariff and minimum costs. They allow regulators to control for factors over which the operators have no control (such as diversity of water sources, or water quality or user characteristics). Estache and Rossi estimate a stochastic costs frontier for a sample of Asian and Pacific water companies, comparing the performance of public and privatized companies based on detailed firm-specific information published by the Asian Development Bank in 1997. They find private operators of water companies to be more efficient than public operators. Costs in concessioned companies tend to be significantly lower than those in public companies. Estache and Rossi compare the ranking of these companies by efficiency performance (obtained from econometric estimates) with rankings by more standard qualitative and productivity indicators typically used to assess performance. They show that rankings based on standard indicators are not always very consistent. Productivity indicators recognize simple input-output relations, such as the number of workers per client or connection. Frontiers recognize the more complex nature of interactions between inputs and outputs. Cost frontiers show the costs as a function of the level of output (or outputs) and the prices of inputs, and are generally more useful to regulators assessing the wedge between tariff and minimum costs. Production frontiers reveal technical relations between firms' inputs and outputs and provide a useful backup when cost frontiers are difficult to assess for lack of data. This paper - a product of Governance, Regulation and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation. Antonio Estache may be contacted at aestacheworldbank.org
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  • 12
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    Universal Service Obligations in Utility Concession Contracts and the Needs of the Poor in Argentina's Privatizations (1999)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Universal Service Obligations in Utility Concession Contracts and the Needs of the Poor in Argentina's Privatizations
    Keywords: Bank ; Communities & Human Settlements ; Consumer ; Consumers ; Customers ; Debt Markets ; Demand ; Disabilities ; E-Business ; Economic Theory and Research ; Emerging Markets ; Energy ; Energy Production and Transportation ; Expenses ; Finance and Financial Sector Development ; Financial Literacy ; Housing and Human Habitats ; Income ; Income Level ; Industry ; Investment ; Lack Of Interest ; Macroeconomics and Economic Growth ; Markets and Market Access ; Pensioners ; Population ; Private Sector Development ; Profits ; Public Sector Economics and Finance ; Savings ; Subsidies ; Supply ; Technology Industry ; Valuable ; Valuation ; Worth ; Bank ; Communities & Human Settlements ; Consumer ; Consumers ; Customers ; Debt Markets ; Demand ; Disabilities ; E-Business ; Economic Theory and Research ; Emerging Markets ; Energy ; Energy Production and Transportation ; Expenses ; Finance and Financial Sector Development ; Financial Literacy ; Housing and Human Habitats ; Income ; Income Level ; Industry ; Investment ; Lack Of Interest ; Macroeconomics and Economic Growth ; Markets and Market Access ; Pensioners ; Population ; Private Sector Development ; Profits ; Public Sector Economics and Finance ; Savings ; Subsidies ; Supply ; Technology Industry ; Valuable ; Valuation ; Worth
    Abstract: The structural changes that come with privatization may induce a reconsideration of the regulations defined during the early stages of privatization. - Chisari and Estache summarize the main lessons emerging from Argentina's experience, including universal service obligations in concession contracts. They discuss free-riding risks, moral hazard problems, and other issues that arise when social concerns are delegated to private operators. After reporting on Argentina's experience, Chisari and Estache suggest some guidelines: · Anticipate interjurisdictional externalities. Users' mobility makes targeting service obligations difficult. · Minimize the risks imposed by elusive demand. In providing new services, a gradual policy may work better than a shock. · Realize that unemployment leads to delinquency and lower expected tariffs. Elasticity of fixed and usage charges is important. · Deal with the fact that the poor have limited access to credit. Ultimately, plans that included credit for the payment of infrastructure charges were not that successful. · Coordinate regulatory, employment, and social policy. One successful plan to provide universal service involved employing workers from poor families in infrastructure extension works. · Beware of the latent opportunism of users who benefit from special programs. Special treatment of a sector may encourage free-riding (for example, pensioners overused the telephone until a limit was placed on the number of subsidized phone calls they could make). · Fixed allocations for payment of services do not ensure that universal service obligations will be met. How do you deal with the problem that many pensioners do not pay their bills? · Anticipate that operators will have more information than regulators do. If companies exaggerate supply costs in remote areas, direct interaction with poor users there may lead to the selection of more cost-effective technologies. · Tailored programs are often much more effective than standardized programs. They are clearly more expensive but, when demand-driven, are also more effective. This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation. The authors may be contacted at ochisariuade.edu or aestache@worldbank.org
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