Concessions--The Way to Privatize Infrastructure Sector Monopolies
Author: Pierre Guislain and Michel Kerf Date: 10/1/1995 (PDF, 200KB)
Concession-type arrangements are well suited for privatizing sectors with monopoly characteristics. Under this approach, the state delegates to the private sector the right to provide the service--whether gas, power, water, transport, or telecommunications--but retains some control through a concession contract or license. Pierre Guislain and Michel Kerf look at the characteristics of concessions and some of their operational implications.