Renégociation de contrats dans l'industrie du transport urbain en France
The renegotiation of contracts in the French urban transport industry. This paper describes the renegotiation of delegated management contracts in the French urban transport. We briefly describe the sector, sketch a theoretical model showing that contract renegotiation explains an increasing profile of subsidies over time. This model is finally estimated. Our analysis shows that wrongly assuming that local governments can fully commit to a profile of subsidies and do not renegotiate contracts leads to systematically overestimating the efficiency of firms in the sector. Classification JEL : H11, D82.
References listed on IDEAS
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- Jonathan Levin (Stanford University) & Pat Bajari & Lanier Benkard, 2004.
"Estimating Dynamic Models of Imperfect Competition,"
Econometric Society 2004 North American Winter Meetings
627, Econometric Society.
- Patrick Bajari & C. Lanier Benkard & Jonathan Levin, 2007. "Estimating Dynamic Models of Imperfect Competition," Econometrica, Econometric Society, vol. 75(5), pages 1331-1370, 09.
- Bajari, Patrick & Benkard, C. Lanier & Levin, Jonathan, 2007. "Estimating Dynamic Models of Imperfect Competition," Research Papers 1852r1, Stanford University, Graduate School of Business.
- Patrick Bajari & C. Lanier Benkard & Jonathan Levin, 2004. "Estimating Dynamic Models of Imperfect Competition," NBER Working Papers 10450, National Bureau of Economic Research, Inc.
- J. Levin & P. Bajari, 2004. "Estimating Dynamic Models of Imperfect Competition," 2004 Meeting Papers 579, Society for Economic Dynamics.
- Gasmi, F & Laffont, Jean-Jacques & Sharkey, W W, 1997. "Incentive Regulation and the Cost Structure of the Local Telephone Exchange Network," Journal of Regulatory Economics, Springer, vol. 12(1), pages 5-25, July.
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