Articles:

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

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 ...

READ MORE | Comment

PROJECT FINANCE: Incentives and Governance

Articles

Jan 13, 2014 — Neil Boyle

The traditional financial engineering risk-return approach to PPP infrastructure finance goes far but not far enough.  PPPs are often financed with high or even aggressive debt/equity ratios ranging from 80:20 and occasionally reaching the mid 90s.  TCE/NIE tells us that the principals of infrastructure projects are typically bilaterally dependent due to ...

READ MORE | Comment