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Winner's curse in toll road concessions

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Author Info
Athias, Laure
Nuñez, Antonio

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Abstract

We empirically assess the effect of the winner's curse in auctions for toll road concessions, taking into account, to our knowledge for the first time, problems of commitment and enforcement, using a unique dataset of 49 worldwide road concessions.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4T2M5S9-2/2/ef7b60609b79c9eef6a24d39a095d1e9
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 101 (2008)
Issue (Month): 3 (December)
Pages: 172-174
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Handle: RePEc:eee:ecolet:v:101:y:2008:i:3:p:172-174

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Web page: http://www.elsevier.com/locate/ecolet

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Related research
Keywords: Auctions Common value Winner's curse Incomplete contracts Concessions;

Cited by:
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  1. Athias, Laure, 2007. "Political accountability, incentives, and Contractual design of public private partnerships," MPRA Paper 10538, University Library of Munich, Germany, revised 11 Mar 2009. [Downloadable!]
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This page was last updated on 2009-12-3.


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