ABOUT INFRAGOV LLC.

InfraGov LLC is a limited liability company founded by Neil Boyle and registered in Delaware, U.S.A. Its purposes are to: develop deep knowledge for clients about their project institutions; improve the mitigation of risk for foreign direct investment (FDI) in developing countries; improve the scientific and practical qualities of institutional analysis of FDI in infrastructure; and explain and facilitate higher performing governance of infrastructure projects and help governments to make that happen. (Read More)

Infragov presents a Brand New Workshop:

Harmonizing the Contractual Interface for PPP Infrastructure

This workshop's objective is to describe to practitioners a work-in-progress that has possibilities to bring big improvements to the infrastructure industry, highlight the potential areas of benefits and costs, get feedback and plan for large scale testing and evaluation.

Learn more about the workshop
FEATURE:

Writing a Trade Book on Governance for the 21st Century

Articles

Nov 7, 2017 — Neil Boyle

The world is changing rapidly. How we think about that world is also changing, not in incremental steps, but in paradigmatic ones that challenges the status quo. This rationale for writing a non-academic trade book for general readership on governance in the 21st century is due to my concern for bringing rigor to the concept of governance. What do I mean by paradigmatic steps? Thomas Kuhn wrote the modern landmark text ...

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The Diagnostic Triple

Articles

Sep 11, 2017 — Neil Boyle

The Diagnostic Triple came out of reading the January 2017 conference papers and proceedings of the American Economic Association’s the Richard T. Ely Lecture titled, “The Economist as Plumber”, by Esther Duflo.  Duflo was not writing her lecture with transaction cost economics (TCE) necessarily in mind although it supported some of the same themes.  I thought her concept of detail was close enough so that I expanded the idea to ...

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The Period of Crisis Between Climate Change and the Economic Paradigm-Shift

Articles

Sep 2, 2017 — Neil Boyle

The Multinational Development Banks (MDBs) of the 21st century including especially the Asian Development Bank are entering a period of crises given the twin challenges of climate change and the paradigm change of a brand new economics called Transaction Cost Economics that is currently being rolled out. I am knowledgeable in TCE and also of the way MDBs work having the founder of TCE as my advisor and worked in ...

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How Humans Function in the PPP Framework and their Role in Positive Science

Articles

Sep 2, 2017 — Neil Boyle

A Working Framework of PPP Organization- This description of the Water Supply and Sanitation organization system is a heuristic that helps explain how economic organization enables positive science, as well as helps to optimize the cost of governing the system. Its special features are due to its discovery by a distinguished organizational theorist by the name of Chester Barnard of Harvard and the General Motors Corporation (GMC). We know from the ...

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Private Ordering in PPP Infrastructure

Articles

Aug 29, 2017 — Neil Boyle

The Institutional Analysis of PPP Infrastructure Private Ordering In PPP Infrastructure 08/29/2017Updated August 2017 Note: It is assumed that the posted document titled “Probing the World of PPP Infrastructure Incentives” has been read prior to reading this article. 1. This is about private ordering in the context of public private partnership in infrastructure (PPP) and suggests areas and means of application inspired by transaction cost economics. The goal is to introduce innovative and cost effective ...

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Lecture Notes on PPP Organization

Articles

Dec 8, 2016 — Neil Boyle

“The exchange between a buyer and a supplier is not merely about the exchange of commodities or of individual behaviors, but is instead the alienation and acquisition between individuals, of the rights of property and liberty created by society, which must therefore be negotiated between the parties concerned before labor can produce, or consumers can consume, or commodities can be physically exchanged.” (Commons, 1931:648-657, AER Vol. 21) Vol. 21)   A. Can anyone ...

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Probing the World of PPP Incentives

Articles

Dec 8, 2016 — Neil Boyle

Introduction This essay is about the incentives of PPP infrastructure projects. It is based on the analytical framework called Transaction Cost Economics or TCE. TCE represents the empirical work of a number of preeminent economists worldwide (e.g., four Nobel Laureates in 20 years), but it was brilliantly researched and brought together into a powerful and illuminating framework that filled a gaping hole in neoclassical economics by 2009 Nobel Laureate Professor Emeritus ...

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Incentives: How they Function

Dec 8, 2016 — Neil Boyle

  “The problem with practitioners and researchers is that practitioners practice but don’t read, and researchers read but don’t practice” (John Briscoe, former head of the central Urban and Water unit of the World Bank, 2014) The incentives of PPP infrastructure projects start within the transaction— in the economic exchange that occurs beween buyers and suppliers.  The expected performance of the parties generally serves to trigger motivation.  Motivation for these incentives come ...

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Introduction to the Website by the Author

Other Articles

Feb 16, 2016 — Neil Boyle

Buyers and sellers of real assets adapt to markets in ingenious and not so ingenious ways. The adaptive ingenuity knowledge that traders are required to know to achieve efficient closure remains unknown to policy analysts.  This knowledge gap has resource allocation and efficiency implications for markets and can lead to crises. The sub-prime financial crisis 2008-2010 resulted  in part from this knowledge gap.  This crisis and the confusion to explain it encourages the pursuit of deep knowledge about ...

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Summary of Thoughts on Reforming the UN

Aug 4, 2015 — Neil Boyle

This paper suggests a “new technology” could be applied to reform the UN by paying attention to the incentives that make transactions work as planned.  It follows on General Scowcroft’s description during the 2013 Atlantic Council conference Getting to Fusion: A Conversation with Strategists, “how the Arab uprisings demonstrated that individuals empowered by new technologies are undermining the fabric of the Westphalian state and the tools to check individuals”, signaled ...

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Performance and Renegotiation in Public Procurement and PPP-Writing Complex Contracts for PPP: The Economic Organization of PPP Water and Sanitation (WSS) Projects

Presentation Material

Jul 25, 2015 — Neil Boyle

PERFORMANCE AND RENEGOTIATON IN PUBLIC PROCUREMENT AND PPP - THE ECONOMIC ORGANIZATION OF PPP WSS PHILIPPINES XXX duedate 6192015 prnt 6212015

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Large Metro WSS Infrastructure & Major Hurdles: an Extractive Political Economy, Scaling-up, and Financial Unsustainability in Karachi Sewage as Case Study, Pakistan

Mar 16, 2015 — Neil Boyle

Large Metro WSS Infrastructure Major Hurdles-Political Economy Scaling Up and Financial Unsustainability AAA-AA 2182015

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Economizing on Transaction Costs: Bounded Rationality and Opportunism

Jan 12, 2015 — Neil Boyle

The integrity of economic exchange is decided within the transaction. Transaction costs deriving from the bounded rationality and opportunism of contracting parties diminish the integrity of contracts. By economizing on these costs, contract integrity and efficiency are restored through economic governance. While integrity refers to a contractual relationship between two parties, efficiency does not have this contractual or relational reference in it. Integrity attributes have to do with alignment, stability, ...

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TCE & Scaling-Up Infrastructure: A Pakistan Sewage Treatment Plant

Apr 3, 2014 — Neil Boyle

PART ONE: Background Summary This three part workshop précis examines the application and use of institutional analysis in the preparation and implementation of large scaled-up infrastructure and as case study concentrates on the development of a new sewage treatment plant for the metropolitan area of Karachi, Pakistan by the Karachi Water Supply and Sewerage Board (KWSB).  Institutional analysis is based on Transaction Cost Economics (hereafter referred to as TCE); a sub-field of ...

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