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Konzessionsmodelle für Fernstraßen in Deutschland: eine ökonomische Analyse der Risikoallokation beim F- und A-Modell

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  • Thorsten Beckers
  • Christian von Hirschhausen

Abstract

This paper analyzes the risk allocation in concession models for German highways, according to the "F-Model" and the "A-Model". We first assess the deficits of traditional construction and management of highways in Germany and present the two concession models. Next, theoretical backgrounds and rules of thumb for risk allocation in concessions for road infrastructure are presented and applied to the F- and A-Model. Both models show significant weaknesses with regard to risk allocation. We propose to award F-Model concessions following the PVR-principle (present value of revenue). The main criticism of the A-Model is that the concessionaire carries the entire traffic risk; also, the A-Model does not seem to be compatible with future privatization plans for German highways. In diesem Beitrag wird die Risikoallokation bei Betreibermodellen für Bundesfernstraßen nach dem F- und A-Modell untersucht. Zunächst werden kurz die Defizite des traditionellen Modells der Herstellung und Bereitstellung von Fernstraßen in Deutschland dargestellt und die Struktur der beiden Konzessionsmodelle bewertet. Dann werden Handlungsempfehlungen zur Risikoallokation bei Konzessionsmodellen für Straßeninfrastruktur abgeleitet und die Risikoallokation beim F- und beim A-Modell analysiert. Bei beiden Modellen weist die Risikoallokation große Schwachstellen auf. Es wird empfohlen, Konzessionen nach dem FModell zukünftig in Anlehnung an das Barwertmodell zu vergeben. Wesentlicher Kritikpunkt an der Risikoallokation beim A-Modell ist die Übertragung des Verkehrsmengenrisikos auch nach der Bauphase an den Konzessionär; es ist unklar, ob das A-Modell kompatibel mit zukünftigen Privatisierungs- bzw. Organisationskonzepten für die Bundesautobahnen ist.

Suggested Citation

  • Thorsten Beckers & Christian von Hirschhausen, 2003. "Konzessionsmodelle für Fernstraßen in Deutschland: eine ökonomische Analyse der Risikoallokation beim F- und A-Modell," Discussion Papers of DIW Berlin 388, DIW Berlin, German Institute for Economic Research.
  • Handle: RePEc:diw:diwwpp:dp388
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    File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.41105.de/dp388.pdf
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    References listed on IDEAS

    as
    1. Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-378, June.
    2. Beckers, Thorsten & Miksch, Jan, 2002. "Die Allokation des Verkehrsmengenrisikos bei Betreibermodellen für Straßeninfrastruktur: Theoretische Grundlagen und Anwendung auf das A-Modell," Discussion Papers 2002/10, Technische Universität Berlin, School of Economics and Management.
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    More about this item

    Keywords

    Concession models; Germany; highways; infrastructure; regulation; risk allocation;

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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