English, Article, Journal or magazine article edition: Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts. Daniel Albalate; Germa Bel

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/36172
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts.
Author
  • Daniel Albalate
  • Germa Bel
Physical Description
  • preprint
Notes
  • Recent theoretical developments on concession contracts for long term infrastructure projects under uncertain demand show the benefits of allowing for flexible term contracts rather than fixing a rigid term. This study presents a simulation to compare both alternatives by using real data from the oldest Spanish toll motorway. For this purpose, we analyze how well the flexible term would have performed instead of the fixed length actually established. Our results show a huge reduction of the term of concession that would have dramatically decreased the firm’s benefits and the user’s overpayment due to the internalization of an unexpected traffic increase.
  • Toll motorways, privatization, concessions, regulation.
  • RePEc:ira:wpaper:200706
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment