Articles:

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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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 ...

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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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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 ...

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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 – 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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Vertical Integration as Paradigm: A graphical representation of TCE

Technical Notes

May 25, 2010 — Neil Boyle

VERTICAL INTEGRATION AS PARADIGM - A graphical representation of TCE 5-25-2010 One of many amazing accomplishments of Professor Williamson and to which we benefit from today was his extraction in reduced mathematical form (1996. pp. 106-111) of the basic structure of economic exchange.  Notwithstanding reduced form mathematics, we can generate new ...

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