Título: | OPPORTUNISTIC BEHAVIOR AND RENEGOTIATION IN PUBLIC-PRIVATE PARTNERSHIPS: AN INCENTIVE MECHANISM APPROACH | ||||||||||||
Autor: |
JULIO CEZAR RUSSO PINTO DA SILVA |
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Colaborador(es): |
FERNANDO LUIZ CYRINO OLIVEIRA - Orientador |
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Catalogação: | 05/FEV/2018 | Língua(s): | PORTUGUESE - BRAZIL |
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Tipo: | TEXT | Subtipo: | THESIS | ||||||||||
Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=32911&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=32911&idi=2 |
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DOI: | https://doi.org/10.17771/PUCRio.acad.32911 | ||||||||||||
Resumo: | |||||||||||||
The Public-Private Partnerships (PPP) contract structure is characterized by the sharing of project risks between the government and the investor. PPPs have long maturation maturities, high initial investment volumes and revenue uncertainty. The future behavior of public and private agents may carry an additional risk, making projects unattractive when relevant information is not evident in a contract. Game theory has been a widely used instrument to provide analytical solutions when the problem of information asymmetry is present. Therefore, this thesis uses the concepts of mechanism theorists compatible with incentives for PPPs, aiming: (i) improvement of ex-ante and ex-post contractual failures; (ii) to improve a PPP renegotiation game model, showing how opportunistic behavior can be avoided. It analyzes the concession process of the Maracanã Complex as illustrative case via use of propositions, lemmas and theorems, showing that the State Government s announcement of Rio de Janeiro is sub-optimal from the point of view of the mechanisms of Design Theory.
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