Regulating concessions of toll motorways: An empirical study on fixed vs. variable term contracts
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Daniel Albalate & Germa Bel, 2007. "Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts," IREA Working Papers 200706, University of Barcelona, Research Institute of Applied Economics, revised Mar 2007.
References listed on IDEAS
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2003.
"Privatizing Highways in Latin America: Fixing What Went Wrong,"
Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2003), pages 129-164, August.
- Engel, Eduardo & Fischer, Ronald & Galetovic, Alexander, 2003. "Privatizing highways in Latin America: fixing what went wrong," LSE Research Online Documents on Economics 123215, London School of Economics and Political Science, LSE Library.
- Ginés de Rus & Manuel Romero, 2004. "Private financing of roads and optimal pricing: Is it possible to get both?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 38(3), pages 485-497, September.
- Ubbels, Barry & Verhoef, Erik T., 2008.
"Auctioning concessions for private roads,"
Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 155-172, January.
- Barry Ubbels & Erik Verhoef, 2004. "Auctioning Concessions for Private Roads," Tinbergen Institute Discussion Papers 04-008/3, Tinbergen Institute.
- Robinson, James A. & Torvik, Ragnar, 2005.
"White elephants,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 197-210, February.
- Robinson, James A. & Torvik, Ragnar, 2002. "White Elephants," CEPR Discussion Papers 3459, C.E.P.R. Discussion Papers.
- Nombela, Gustavo & de Rus, Ginés, 2004. "Flexible-term contracts for road franchising," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(3), pages 163-179, March.
- Eduardo M.R.A. Engel & Ronald Fischer & Alexander Galetovic, 2003.
"Privatizing Highways in Latin America: Is It Possible to Fix What Went Wrong?,"
Working Papers
866, Economic Growth Center, Yale University.
- Eduardo M. Engel & Ronald D. Fischer & Alexander Galetovic, 2004. "Privatizing Highways in Latin America: Is it Possible to Fix What Went Wrong?," Yale School of Management Working Papers ysm417, Yale School of Management.
- Eduardo Engel & Alexander Galetovic & Ronald Fischer, 2003. "Privatizing Highways in Latin America: is it Possible to Fix What Went Wrong?," Documentos de Trabajo 163, Centro de Economía Aplicada, Universidad de Chile.
- Engel, Eduardo M.R.A. & Fischer, Ronald & Galetovic, Alexander, 2003. "Privatizing Highways in Latin America: Is It Possible to Fix What Went Wrong?," Center Discussion Papers 28456, Yale University, Economic Growth Center.
- J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications - Books, The World Bank Group, number 15024.
- Germà Bel & John Foote, 2007. "Comparison of Recent Toll Road Concession Transactions in the United States and France," Working Papers XREAP2007-11, Xarxa de Referència en Economia Aplicada (XREAP), revised Nov 2007.
- Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
- Antonio Estache & Gines De Rus, 2000.
"Privatization and Regulation of Transport Infrastructure : Guidelines for Policymakers and Regulators,"
World Bank Publications - Books,
The World Bank Group, number 15199.
- Antonio Estache & Ginés de Rus, 2000. "Privatization and Regulation of Transport Infrastructures: Guidelines for Policymakers and Regulators," ULB Institutional Repository 2013/44116, ULB -- Universite Libre de Bruxelles.
- Holguin-Veras, Jose & Cetin, Mecit & Xia, Shuwen, 2006. "A comparative analysis of US toll policy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(10), pages 852-871, December.
- Eduardo M. R. A. Engel & Ronald D. Fischer & Alexander Galetovic, 2001.
"Least-Present-Value-of-Revenue Auctions and Highway Franchising,"
Journal of Political Economy, University of Chicago Press, vol. 109(5), pages 993-1020, October.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 1998. "Least-Present-Value-of-Revenue Auctions and Highway Franchising," Documentos de Trabajo 37, Centro de Economía Aplicada, Universidad de Chile.
- Eduardo M.R.A. Engel & Ronald D. Fischer & Alexander Galetovic, 1998. "Least-Present-Value-of-Revenue Auctions and Highway Franchising," NBER Working Papers 6689, National Bureau of Economic Research, Inc.
- de Palma, André & Kilani, Moez & Lindsey, Robin, 2005. "Congestion pricing on a road network: A study using the dynamic equilibrium simulator METROPOLIS," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 588-611.
- Engel, Eduardo & Fischer, Ronald & Galetovic, Alexander, 1997.
"Highway Franchising: Pitfalls and Opportunities,"
American Economic Review, American Economic Association, vol. 87(2), pages 68-72, May.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 1997. "Highway Franchising: Pitfalls and Opportunities," Documentos de Trabajo 15, Centro de Economía Aplicada, Universidad de Chile.
- Bel, Germi & Fageda, Xavier, 2005. "Is a Mixed Funding Model for the Highway Network Sustainable Over Time The Spanish Case," Research in Transportation Economics, Elsevier, vol. 15(1), pages 187-203, January.
- Nakamura, Katsuhiko & Kockelman, Kara Maria, 2002. "Congestion pricing and roadspace rationing: an application to the San Francisco Bay Bridge corridor," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(5), pages 403-417, June.
- Chen, Anthony & Subprasom, Kitti, 2007. "Analysis of regulation and policy of private toll roads in a build-operate-transfer scheme under demand uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(6), pages 537-558, July.
- José M. Vassallo, 2006. "Traffic Risk Mitigation in Highway Concession Projects: The Experience of Chile," Journal of Transport Economics and Policy, University of Bath, vol. 40(3), pages 359-381, September.
- Daniel Albalate & Germa Bel & Xavier Fageda, 2007. "Privatization and regulation of toll motorways in europe," IREA Working Papers 200704, University of Barcelona, Research Institute of Applied Economics, revised Mar 2007.
- Hinojosa, Sergio & Gomez-Lobo, Andres, 2000. "Broad roads in a thin country - infrastructure concessions in Chile," Policy Research Working Paper Series 2279, The World Bank.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Meng, Qiang & Lu, Zhaoyang, 2017. "Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 105-123.
- Tan, Zhijia & Yang, Hai, 2012. "Flexible build-operate-transfer contracts for road franchising under demand uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 46(10), pages 1419-1439.
- Feng, Zhuo & Zhang, Yiwen & Zhang, Shuibo & Song, Jinbo, 2018. "Contracting and renegotiating with a loss-averse private firm in BOT road projects," Transportation Research Part B: Methodological, Elsevier, vol. 112(C), pages 40-72.
- Zhang, Yiwen & Feng, Zhuo & Zhang, Shuibo, 2018. "The effects of concession period structures on BOT road contracts," Transportation Research Part A: Policy and Practice, Elsevier, vol. 107(C), pages 106-125.
- Shi, Shasha & An, Qingxian & Chen, Ke, 2020. "Optimal choice of capacity, toll, and subsidy for build-operate-transfer roads with a paid minimum traffic guarantee," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 228-254.
- Beria, Paolo & Ramella, Francesco & Laurino, Antonio, 2015. "Motorways economic regulation: A worldwide survey," Transport Policy, Elsevier, vol. 41(C), pages 23-32.
- Shi, Shasha & Yin, Yafeng & An, Qingxian & Chen, Ke, 2021. "Optimal build-operate-transfer road contracts under information asymmetry and uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 152(C), pages 65-86.
- Ginés Rus & M. Socorro, 2010.
"Infrastructure Investment and Incentives with Supranational Funding,"
Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(3), pages 551-567, September.
- Ginés DE RUS & M. Pilar SOCORRO, 2009. "Infrastructure investment and incentives with supranational funding," Departmental Working Papers 2009-18, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Socorro, M. Pilar & De Rus, Ginés, 2011. "Infrastructure investment and incentives with supranational funding," Working Papers 2011-13, FEDEA.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2013.
"The Basic Public Finance Of Public–Private Partnerships,"
Journal of the European Economic Association, European Economic Association, vol. 11(1), pages 83-111, February.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," Working Papers 957, Economic Growth Center, Yale University.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," Levine's Bibliography 843644000000000313, UCLA Department of Economics.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," Documentos de Trabajo 234, Centro de Economía Aplicada, Universidad de Chile.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," NBER Working Papers 13284, National Bureau of Economic Research, Inc.
- Engel, Eduardo M.R.A. & Fischer, Ronald & Galetovic, Alexander, 2007. "The Basic Public Finance of Public-Private Partnerships," Center Discussion Papers 9280, Yale University, Economic Growth Center.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," Documentos de Trabajo 235, Centro de Economía Aplicada, Universidad de Chile.
- Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2007. "The Basic Public Finance of Public-Private Partnerships," Cowles Foundation Discussion Papers 1618, Cowles Foundation for Research in Economics, Yale University, revised Jan 2011.
- Engel, Eduardo & Fischer, Ronald & Galetovic, Alexander, 2008. "The Basic Public Finance of Public-Private Partnerships," Working Papers 35, Yale University, Department of Economics.
- Tan, Zhijia & Yang, Hai & Guo, Xiaolei, 2010. "Properties of Pareto-efficient contracts and regulations for road franchising," Transportation Research Part B: Methodological, Elsevier, vol. 44(4), pages 415-433, May.
- Vassallo, José Manuel, 2010. "The role of the discount rate in tendering highway concessions under the LPVR approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(10), pages 806-814, December.
- Kang, Chao-Chung & Lee, Tsun-Siou & Huang, Szu-Chi, 2013. "Royalty bargaining in Public–Private Partnership projects: Insights from a theoretic three-stage game auction model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 59(C), pages 1-14.
- Diego Aycinena & Rimvydas Baltaduonis & Lucas Rentschler, 2014. "Valuation structure in first-price and least-revenue auctions: an experimental investigation," Experimental Economics, Springer;Economic Science Association, vol. 17(1), pages 100-128, March.
- Jin, Hongyu & Liu, Shijing & Sun, Jide & Liu, Chunlu, 2021. "Determining concession periods and minimum revenue guarantees in public-private-partnership agreements," European Journal of Operational Research, Elsevier, vol. 291(2), pages 512-524.
- Wu, Di & Yin, Yafeng & Lawphongpanich, Siriphong, 2011. "Optimal selection of build–operate-transfer projects on transportation networks," Transportation Research Part B: Methodological, Elsevier, vol. 45(10), pages 1699-1709.
- Lu, Zhaoyang & Meng, Qiang, 2017. "Analysis of optimal BOT highway capacity and economic toll adjustment provisions under traffic demand uncertainty," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 100(C), pages 17-37.
- Feng, Zhuo & Song, Jinbo & Yang, Xiaoxing & Guo, Ran, 2023. "Contractual flexibility, firm effort, and subsidy design: A comparison of PPP project contracts," European Journal of Operational Research, Elsevier, vol. 307(1), pages 484-496.
- Nicolas Campos & Eduardo Engel & Ronald D. Fischer & Alexander Galetovic, 2019.
"Renegotiations and corruption in infrastructure: The Odebrecht case,"
"Marco Fanno" Working Papers
0230, Dipartimento di Scienze Economiche "Marco Fanno".
- Ronald Fischer & Nicolás Campos & Eduardo Engel & Alexander Galetovic, 2019. "Renegotiations and Corruption in Infrastructure: The Odebrecht Case," Documentos de Trabajo 346, Centro de Economía Aplicada, Universidad de Chile.
- Chandan Kumar, 2018.
"Role of bidding method and risk allocation in the performance of public private partnership (PPP) projects,"
Indira Gandhi Institute of Development Research, Mumbai Working Papers
2018-013, Indira Gandhi Institute of Development Research, Mumbai, India.
- Chandan Kumar, 2018. "Role of Bidding Method and Risk Allocation in the Performance of Public Private Partnership (PPP) Projects," Working Papers id:12688, eSocialSciences.
- van den Berg, Vincent A.C. & Rouwendal, Jan, 2016.
"Tender auctions with existing operators bidding,"
Economics of Transportation, Elsevier, vol. 6(C), pages 1-10.
- Vincent A.C. van den Berg, 2013. "Tender Auctions with Existing Operators Bidding," Tinbergen Institute Discussion Papers 13-117/VIII, Tinbergen Institute.
More about this item
Keywords
H54 L33 L43 L92 Toll motorways Privatization Concessions Regulation;JEL classification:
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:43:y:2009:i:2:p:219-229. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.