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Comprehensive Maintenance of the Barcelona Ring Roads 

Date: 28/07/2017 Author(s): Ricart, Joan Enric; Trillas, Fancesc; Ferradans, Hugo; Rodríguez Planas, Miquel Editor(s): Cátedra Carl Schroeder de Dirección Estratégica; PPSRC - Public-Private Sector Research Center Document type: Study and Monograph The document discusses the contract signed by Àrea Metropolitana de Barcelona for the maintenance of Barcelona's ring roads as an example of a public-private partnership. It details the tender process and describes the project's characteristics and its impacts. It also explores additional forms of transferring risk to the private sector in similar ... More information  

Barcelona GIX. IT Network Integration 

Date: 11/07/2017 Author(s): Ricart, Joan Enric; Trillas, Francesc; Salvador, Jordi; Rodríguez Planas, Miquel Editor(s): Cátedra Carl Schroeder de Dirección Estratégica; PPSRC - Public-Private Sector Research Center Document type: Study and Monograph The case study explains the Barcelona GIX project, which involved the integration (active and passive), expansion, and development of the IT network to provide the city with new infrastructure (5G, the Internet of Things, and connected cars) associated with a smart city using a new business model. More information  

Beach Maintenance in Barcelona's Metropolitan Area 

Date: 22/06/2017 Author(s): Ricart, Joan Enric; Fageda, Xavier; Salvador, Jordi; Rodríguez Planas, Miquel Editor(s): Cátedra Carl Schroeder de Dirección Estratégica; PPSRC - Public-Private Sector Research Center Document type: Study and Monograph The document explains how thanks to the integration of different beach maintenance contracts from different municipalities (through the AMB) there were generated economies of scale that reduces cost and improved service to residents. More information  

I Jornada de Gestió Pública: Les col·laboracions publicoprivades a debat (Las colaboraciones Público-Privadas a debate) 

Date: 24/03/2017 Author(s): PPP for CITIES - Specialist Centre on PPP in Smart and Sustainable Cities; Diputació Barcelona Sponsor(s): United Nation; Other collaboration: Rodríguez Planas, Miquel; Editor(s): PPSRC - Public-Private Sector Research Center Document type: Proceeding Las Jornadas de Gestión Pública, coorganizadas conjuntamente con la Diputación de Barcelona y el Specialist Centre on PPP in Smart and Sustainable Cities (PPP for Cities), tienen como objetivo crear un espacio de reflexión y conocimiento sobre buenas prácticas en la gestión local en el marco de la colaboración público-privada. El encuentro representará ... More information  

Portfolio Diversification, Market Power, and the Theory of the Firm 

Date: 21/03/2017 Author(s): Azar, José Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper This paper develops a model of firm behavior in the context of oligopoly and portfolio diversification by shareholders. Competition for shareholder votes among potential managers seeking corporate office leads to internalization and aggregation of shareholder objectives, including shareholdings in other firms, and the fact that shareholders are consumers ... More information  

Anti-Competitive Effects of Common Ownership 

Date: 21/03/2017 Author(s): Azar, José; Schmalz, Martin; Tecu, Isabel Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper Many natural competitors are jointly held by a small set of large institutional investors. In the US airline industry, taking common ownership into account implies increases in market concentration that are ten times larger than what is ¿presumed likely to enhance market power¿ by antitrust authorities. We find a robust correlation between within-route ... More information  

Market Power and Welfare in Asymmetric Divisible Good Auctions 

Date: 16/01/2017 Author(s): Manzano, Carolina; Vives, Xavier Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders. Equilibrium is unique, and the relative market power of a group increases with the precision of its private information but declines with its transaction costs. In line with empirical evidence, we .nd that an increase in transaction ... More information  

High Frequency Trading and Fragility 

Date: 16/01/2017 Author(s): Cespa, Giovanni; Vives, Xavier Editor(s): Cátedra Abertis de Regulación, Competencia y Políticas Públicas; PPSRC - Public-Private Sector Research Center Document type: Working Paper We show that limited dealer participation in the market, coupled with an informational friction resulting from high frequency trading, can induce demand for liquidity to be upward sloping and strategic complementarities in traders' liquidity consumption decisions: traders demand more liquidity when the market becomes less liquid, which in turn makes ... More information  

The Effectiveness of Reforms in Public Sector Accounting and Financial Management: The Case of Spain, 2010-2015 

Date: 23/11/2016 Author(s): Kasperskaya, Yulia; Xifré, Ramon Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper This paper interprets through theoretical lenses the public sector financial management reforms adopted in Spain between 2010 and 2015. In this period, coping with intense external pressure, the country passed many fiscally-oriented reforms to escape the 2008 crisis including a change in the constitution. We study the changes that have been adopted ... More information  

Budget Procedures and Fiscal Performance: Evidence From OECD Countries in the Wake of the Crisis 

Date: 18/11/2016 Author(s): Kasperskaya, Yulia; Xifré, Ramon Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper We analyze whether performance budgeting, budget transparency and medium-term expenditure frameworks are associated with the predicted moderation in the increase in the public debt-to-GDP ratio in OECD countries between 2008 and 2014. We find these countries naturally separate into two groups with different fiscal trajectories, but there is considerable ... More information  
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