Desestatização da Cedae : uma análise econômica por trás dos lances

Abstract

Universal access to drinking water and sanitation constitutes a major public policy implemented by several countries. In Brazil, however, a competition of duties between government officials hinders its execution, posing an obstacle to private initiative interests, which was circumvented by the new legal sanitation framework issued. Under this new context, this research analyzes in light of auctions theory and by means of a case study, the bidding documents and the bids made during auction for the water and sewage services concession in the state of Rio de Janeiro, previously provided by Companhia Estadual de Águas e Esgotos do Rio de Janeiro (State Company for Water and Sewage of Rio de Janeiro – Cedae). Cedae's privatization allowed to illustrate key points in auction theory, demonstrating its explanatory potential.