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Stochastic simulated rents in Portuguese public-private partnerships

Author

Listed:
  • Matos, José M.A.
  • Ramos, Sandra
  • Costa, Vítor

Abstract

This paper aims to study the contracts of the Portuguese Public-Private Partnerships (PPP) of the motorway sector which represent an important part of the Annual Portuguese State Budget, as well as a crucial contribution to the Portuguese Public Debt. Once the formulae determining annual rents due to the private partners depend on stochastic variables, their simulation is binding. Otherwise, the Public Finances can suffer large losses. Our study is essential aiming to defend the Public interest and the political transparency as well as to present tools to prevent future excessive costs.

Suggested Citation

  • Matos, José M.A. & Ramos, Sandra & Costa, Vítor, 2019. "Stochastic simulated rents in Portuguese public-private partnerships," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 107-117.
    • Handle: RePEc:eee:transa:v:130:y:2019:i:c:p:107-117
    DOI: 10.1016/j.tra.2019.09.005
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    References listed on IDEAS

    as
    1. Joaquim Miranda Sarmento, 2010. "Do Public-Private Partnerships Create Value for Money for the Public Sector? The Portuguese Experience," OECD Journal on Budgeting, OECD Publishing, vol. 10(1), pages 1-27.
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    3. N. Carbonara & N. Costantino & L. Gunnigan & R. Pellegrino, 2015. "Risk Management in Motorway PPP Projects: Empirical-based Guidelines," Transport Reviews, Taylor & Francis Journals, vol. 35(2), pages 162-182, March.
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    6. Tahir Nisar, 2007. "Risk Management in Public–Private Partnership Contracts," Public Organization Review, Springer, vol. 7(1), pages 1-19, March.
    7. Rangel, Thais & Vassallo, José Manuel & Arenas, Blanca, 2012. "Effectiveness of safety-based incentives in Public Private Partnerships: Evidence from the case of Spain," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(8), pages 1166-1176.
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