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1、外文文献翻译原文及译文标题:WhynotregulatePPPs?作者:RuiCunhaMarques期刊:UtilitiesPolicy,卷4&页码:141-146年份:20H字数:译文5000多字原文WhynotregulatePPPs?RuiCunhaMarquesAbstractRegulationofpublicutilitiesandinfrastructureisbeinggeneralizedworldwide.However,whentherearepublic-privatepartnersh
2、iparrangements,itisassumedthatthecontractsignedbythepartiesisadequatetoprotectthepublicinterest,andtherefore,externalregulationisnotnecessary.Eventhoughexplicitregulationalsohasitsshortcomings,wedisagreewiththepreconceivedideathatcontractsalonealwaysprotectth
3、epublicinterest.Contractsavoidthediscretionlefttoregulators,buttheyareimperfectandincomplete.Therefore,wedefendtheneedforregulationandpositthatitshouldbecombinedwithacontract,resultinginagameofpositivesum.Keywords:Contractmanagement,Infrastructure,PPP,Regulat
4、ion1.IntroductionTheseminalarticleofHaroldDemsetz,publishedin1968,raisedthequestionoftheregulationofutilities(Demsetz,1968).Hearguedthatifitispossibletowritealltheduties(andtherights)oftheparts(publicandprivate)inacontract,andifthereisenoughcompetitionforthem
5、arket,thecontractsolutionwouldavoidregulation,whichiscostly,discretionaryandsometimescaptured.Itwouldalsoreducetheexcessiverentsusualininfrastructureandpublicserviceswithmarketpower(Bajarietal.,2009).Althoughnotexplicitlyassignedtohim,Demsetzmightbeconsidered
6、apioneerofthePPP(public-privatepartnership)arrangement.ThemajorprinciplesofPPPcontractsappliedtoinfrastructureworldwideincludethepossibilitytoregulatetherelationshipbetweenpublicandprivatepartnersofaninfrastructureand/orpublicserviceusingacontractandtheguaran
7、teeofnormalprofitsbyeliminatingthemonopolisticrentsthroughcompetitionforthefield(e.g.,bypublictender).However,thesamebenefitsnotedbyDemsetzaresimultaneouslythemajorshortcomingsemphasizedbyotherwell-knownauthors,suchasOliverWilliamson,VictorGoldbergandOliverHa
8、rt.Theyidentifytheincompletenessofcontractsbecauseitisdifficulttowritecompletecontractsthatpredictandincludeallpossiblecontingencies(Williamson,1976;Goldberg,1976;Hart,1988).Furthermore,t