NDLI: Innovative regulations, incomplete contracts and ownership structure in the water utilities

Content Provider	Springer Nature Link
Author	Nakhla, Michel
Copyright Year	2015
Abstract	Using an incomplete contract framework, we analyse new forms of regulation and private participation in public services. This paper explains contractual efficiency in the absence of financially guaranteed investments in public private partnerships. The example of a number of African countries underlines how a series of national, normative law reforms can give rise to innovations in approaches to regulation. This new hybrid form of regulation, inspired by a French regulation approach combining commission regulation and franchise bidding, could be more effective than previous approaches to regulation, in the sense of being more stable and more closely aligned with stakeholder expectations. This approach to regulation would appear to be more efficient economically, while integrating the objectives of solidarity tariffs and social water access connections. Based on these analyses, our results show (1) the impact on the robustness of new lease contracts on financing constraints, and (2) the advantages of Asset Owner Companies that reconcile explicit commitments and special purposes. We demonstrate that this achieves optimum efficiency by encouraging parties to determine jointly the optimal level of costs and investment. In addition, the mechanism fosters discussion about the possibility of institutionalizing Asset Owner Companies by predetermining the distribution of risk in lease contracts.
Starting Page	445
Ending Page	469
Page Count	25
File Format	PDF
ISSN	09291261
Journal	European Journal of Law and Economics
Volume Number	42
Issue Number	3
e-ISSN	15729990
Language	English
Publisher	Springer US
Publisher Date	2015-03-26
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Incomplete contracts Public services Water utilities Privatisation Economics of regulated industries Law and Economics European Integration Public Finance Commercial Law
Content Type	Text
Resource Type	Article
Subject	Business and International Management Law Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Emergence of an innovative regulation mode in water utilities in France: between commission regulation and franchise bidding

To allot or not to allot public services? An incomplete contract approach

Incomplete contracts and competition: another look at fisher body/general motors?

Institutions and contracts: Franchising

Foreign ownership and firm scope in India

Incomplete antitrust laws and private actions for damages

Family-owned, limited close corporations and protection of ownership

The reformers’ dilemma: media, policy ownership, and reform

Exclusive contracts with private information in successive differentiated oligopolies

Innovative regulations, incomplete contracts and ownership structure in the water utilities

Similar Documents

Emergence of an innovative regulation mode in water utilities in France: between commission regulation and franchise bidding

To allot or not to allot public services? An incomplete contract approach

Incomplete contracts and competition: another look at fisher body/general motors?

Institutions and contracts: Franchising

Foreign ownership and firm scope in India

Incomplete antitrust laws and private actions for damages

Family-owned, limited close corporations and protection of ownership

The reformers’ dilemma: media, policy ownership, and reform

Exclusive contracts with private information in successive differentiated oligopolies

Innovative regulations, incomplete contracts and ownership structure in the water utilities