The paper addresses the issue of the feasible level of private finance in a contracting model of infrastructure finding and financing. It characterizes the structure of financial contracts, deriving the conditions under which both public and private finance coexist. A key feature is that access to outside finance and the regulatory decision on pricing and the amount of public subsidy, hence the extent of price recovery, are jointly determined. Mobilizing...
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INFORMACIÓN
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2018/06/26
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS8496
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1
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1
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2018/06/26
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Disclosed
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Funding and financing infrastructure : the joint-use of public and private finance
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public authority