Articles:

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Creating the Terms and Conditions for PPP Infrastructure Partnerships

Technical Notes

Nov 8, 2013 — Neil Boyle

PPP infrastructure partnerships are much more than a business model that conforms to certain legal formalities. To be sure, partnerships must be supported by law, but modern corporate law in most developing countries is still in process of development and is not likely to be tested anytime soon or regularly ...

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UPDATED – Putting PPP Government Bureaucratic Problems into an Analytical Framework – PART – IIa

Aug 28, 2010 — Neil Boyle

In Part–IIa, we discuss the game changing government bureaucratic problems that arise in the development and tendering of BOT PPP projects. INFRAGOV associates in Manila, Dr. Ramon Clarete and Mr. Hector Florento brought bureaucracy problems to my attention. Both are working to resolve bureaucracy problems in their country and continue ...

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Updated – Tougher yet Flexible Implementation and the 32 Year Old Coal Supply Contract- PART – II

Aug 27, 2010 — Neil Boyle

1.     Tougher implementation also means tougher and more open negotiations. Tougher negotiations mean smarter trade-offs are made between the negotiations triple of price (higher or lower), technology (from generic to specialized), and contractual safeguards (less rigid and not reformative to more rigid and reformative). Smart trade-offs induce credible commitment between two parties. For ...

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UPDATED – TCE PRECEPTS FOR ANALYZING INSTITUTIONS

Jul 19, 2010 — Neil Boyle

UPDATED - TCE PRECEPTS FOR ANALYZING INSTITUTIONS 07-19-2010 ver 3C Please click on the above link to see the updated version of what I consider one of my important posts.  It is important because it concentrates in one file the beginning of what I have learned over the past 10 years of studying ...

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Putting PPP Government Bureaucratic Problems into an Analytical Framework — PART – I

Jun 17, 2010 — Neil Boyle

Updated in red on May 15, 2010. This problem was brought to my attention by Hector Florento, Governance Advisor for the Philippine government and Dr. Ramon Clarete, Professor of Economics at the University of the Philippines in Manila, both of whom are Associates of Infragov LLC (you can read their ...

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Contract Mapping

May 1, 2010 — Neil Boyle

Contract mapping illustrates and explains the relationships between the contract triple of: the price of the transaction, the technology as measured by the asset specificity of the transaction, and the safeguards that protect the transaction assets and its agreements from contract hazards. Contract mapping introduces the concept of vertical integration. ...

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