Flexible-term contracts for road franchising

Transportation Research Part A: Policy and Practice

Volumn 38, Issue 3, 2004, Pages 163-179

  Nombela, Gustavo ^a   de Rus, Ginés ^a,b  

^a UNIVERSITY OF LAS PALMAS DE GRAN CANARIA   (Spain)

^b UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Auctions; Concessions; Franchising; Highways; Roads

Indexed keywords

COSTS; INVESTMENTS; PUBLIC POLICY; RISKS; ROADS AND STREETS;

BI-DIMENSIONAL BIDS; ROAD FRANCHISING;

TRANSPORTATION;

CONTRACTION; PRIVATE SECTOR; ROAD TRANSPORT; TRANSPORTATION ECONOMICS;

EID: 0442297251     PISSN: 09658564     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.tra.2003.10.002     Document Type: Article

References (16)

1. Beato P. Road Concessions: Lessons Learned from the Experience of Four Countries 1997 Inter-American Development Bank Washington
2. Engel E. Fischer R. Galetovic A. Highway franchising: pitfalls and opportunities American Economic Review 87 2 1997 68-72
3. Engel E. Fischer R. Galetovic A. Least-present-value-of-revenue auctions and highway franchising Journal of Political Economy 109 2001 993-1020
4. Fishbein, G., Babbar, S., 1996. Private Financing of Toll Roads. RMC Discussion Paper Series 117, World Bank, Washington
5. French Highway Directorate, 1999. Analysis of Highway Concessions in Europe. Ministry of Public Works, Transportation and Housing, Paris
6. Gomez-Ibanez, J.A., 1997. Mexico's Private Toll Road Program. Mimeo, Kennedy School of Government, Harvard University, Case Study C15-97-1402.0
7. Gómez-Lobo, A., Hinojosa, S., 2000. Broad Roads in a Thin Country: Infrastructure Concessions in Chile. Policy Research Working Paper 2279, World Bank, Washington
8. Guasch, J.L., 2000. Impact of Concessions' Design in Sector Performance: An Empirical Analysis of Ten Years of Performance. Mimeo, World Bank, Washington
9. Klemperer P. Auction theory: a guide to the literature Journal of Economic Surveys 13 1999 227-286
10. Milgrom P.R. A convergence theorem for competitive bidding with differential information Econometrica 47 1979 679-688
11. Milgrom P.R. Auctions and bidding: a primer Journal of Economic Perspectives 3 1989 3-22
12. Myerson R.B. Optimal auction design Mathematics of Operations Research 6 1981 58-73
13. Riley J.G. Samuelson W.F. Optimal auctions American Economic Review 71 1981 381-392
14. Tirole J. Comentario a la propuesta de Engel, Fischer y Galetovic sobre licitación de carreteras Estudios Pblicos (Chile) 65 1997 201-214
15. Vickrey W. Counterspeculation, auctions, and competitive sealed tenders Journal of Finance 16 1961 8-37
16. Wilson R. A bidding model of perfect competition Review of Economic Studies 44 1977 511-518