NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Soft Budgets and Renegotiations in Public-Private Partnerships

Eduardo Engel, Ronald Fischer, Alexander Galetovic

NBER Working Paper No. 15300
Issued in August 2009

---- Acknowledgements -----

We thank Eduardo Bitran, Jose Luis Guasch and Roger Noll for insightful conversations, useful comments and suggestions and Manuel Hermosilla for research assistance. Financial support from the Corporacion Andina de Fomento (CAF) is gratefully acknowledged. Fischer and Galetovic gratefully acknowledge the financial support of Instituto Milenio "Sistemas complejos de Ingenieria". Galetovic gratefully acknowledges the financial support of the Tinker Foundation and the hospitality of the Stanford Center for International Development (SCID). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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