The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
This document analyzes and assesses the new ppp legal model adopted in Colombia in 2012 using the framework of the governmental program Fourth Generation of Road Concessions (4G). The principal objective is to establish whether the new model responds to or reflects the principal criticisms, problems...
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2017
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| Source: | Derecho Público, ISSN 1909-7778, Nº. 38, 2017 |
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Derecho Público, ISSN 1909-7778, Nº. 38, 2017
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English
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Public-private partnerships
ppp Ps3 concessions renegotiations public procurement principal-agent problem game theory transport infrastructure incomplete contracts Asociaciones público privadas app concesiones renegociación licitación pública teoría de juegos infraestructura de transporte contratos incompletos |
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Public-private partnerships
ppp Ps3 concessions renegotiations public procurement principal-agent problem game theory transport infrastructure incomplete contracts Asociaciones público privadas app concesiones renegociación licitación pública teoría de juegos infraestructura de transporte contratos incompletos Larrahondo, Paola A. The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model |
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This document analyzes and assesses the new ppp legal model adopted in Colombia in 2012 using the framework of the governmental program Fourth Generation of Road Concessions (4G). The principal objective is to establish whether the new model responds to or reflects the principal criticisms, problems, risks and recommendations collected throughout 20 years of concession experiences and disclosed in economic studies. Such concerns are mainly dominated by costly and increasing renegotiations, delays in the provision of roads, high rates of litigation and a cumulative gap in transport infrastructures. This paper uses economic theories such as the principal-agent problem and game theory to expose the solutions to previous mistakes presented in the new ppp model and reveal the potential risks that remain for the model in relation to implementation that could lead to the failure of the 4G Program. Overall, it aims to provide recommendations for the minimization of misleading information and the breaking down of a transcendental central government program of public works provision for the competitiveness of Colombia.
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Article
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| author |
Larrahondo, Paola A.
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Larrahondo, Paola A.
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Larrahondo, Paola A.
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| title |
The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
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| title_short |
The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
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The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
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The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
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The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal model
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fourth generation of road concessions in colombia and the new ppp legal model: the fourth generation of road concessions in colombia and the new ppp legal model
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2017
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https://dialnet.unirioja.es/servlet/oaiart?codigo=6331703
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1709746995137085440
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dialnet-ar-18-ART00012537382018-03-14The fourth generation of road concessions in Colombia and the new ppp legal model: The fourth generation of road concessions in Colombia and the new ppp legal modelLarrahondo, Paola A.Public-private partnershipspppPs3concessionsrenegotiationspublic procurementprincipal-agent problemgame theorytransport infrastructureincomplete contractsAsociaciones público privadasappconcesionesrenegociaciónlicitación públicateoría de juegosinfraestructura de transportecontratos incompletosThis document analyzes and assesses the new ppp legal model adopted in Colombia in 2012 using the framework of the governmental program Fourth Generation of Road Concessions (4G). The principal objective is to establish whether the new model responds to or reflects the principal criticisms, problems, risks and recommendations collected throughout 20 years of concession experiences and disclosed in economic studies. Such concerns are mainly dominated by costly and increasing renegotiations, delays in the provision of roads, high rates of litigation and a cumulative gap in transport infrastructures. This paper uses economic theories such as the principal-agent problem and game theory to expose the solutions to previous mistakes presented in the new ppp model and reveal the potential risks that remain for the model in relation to implementation that could lead to the failure of the 4G Program. Overall, it aims to provide recommendations for the minimization of misleading information and the breaking down of a transcendental central government program of public works provision for the competitiveness of Colombia.Este documento analiza y evalúa el nuevo modelo legal de app adoptado en Colombia en el año 2012, a partir del Programa “Cuarta Generación del Concesiones” (4G). El principal objetivo es establecer si el nuevo modelo responde o acoge las principales críticas, problemas, riesgos y recomendaciones recolectadas en los distintos estudios y análisis económicos, durante 20 años de experiencia en concesiones. Las principales preocupaciones están principalmente relacionadas con el número creciente de renegociaciones, entregas tardías de las carreteras, alta litigiosidad y una brecha en el desarrollo de la infraestructura de transporte. Este documento utiliza teorías económicas, como el problema de agencia y la teoría de juegos, para exponer las soluciones adoptados en el nuevo modelo de APPs, a los errores identificados . Adicionalmente, el texto revela los riesgos potenciales que persisten en éste y representan un potencial fracaso del Programa 4G. En general, el texto pretende proveer recomendaciones para minimizar los problemas de información y el colapso de una política pública trascendental para la provisión de obras y la competitividad del país2017text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=6331703(Revista) ISSN 1909-7778Derecho Público, ISSN 1909-7778, Nº. 38, 2017engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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