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Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/49266
DC FieldValueLanguage
dc.contributor.authorNombela, G
dc.contributor.authorde Rus, Ginés
dc.contributor.otherNombela, Gustavo
dc.date.accessioned2018-11-24T05:44:13Z-
dc.date.available2018-11-24T05:44:13Z-
dc.date.issued2004
dc.identifier.issn0965-8564
dc.identifier.urihttp://hdl.handle.net/10553/49266-
dc.description.abstractPrivate participation in road projects is increasing around the world. The most popular form of franchising is a concession contract, which allows a private firm to charge tolls to road users during a predetermined period in order to recover investments. Concessionaires are usually selected through auctions at which candidates submit bids for tolls or payments to the government. This paper discusses how this mechanism does not generally yield optimal outcomes and it induces the frequent contract renegotiations observed in practice. A new franchising mechanism is proposed, based on a flexible-term contract and bi-dimensional bids for total net revenue and maintenance costs. This new mechanism improves outcomes compared to fixed-term concessions, by eliminating traffic risk and promoting the selection of efficient concessionaires. (C) 2003 Elsevier Ltd. All rights reserved.
dc.publisher0965-8564
dc.relation.ispartofTransportation Research Part A: Policy and Practice
dc.sourceTransportation Research Part A-Policy And Practice[ISSN 0965-8564],v. 38 (3), p. 163-179
dc.subject.otherAuctions
dc.titleFlexible-term contracts for road franchising
dc.typeinfo:eu-repo/semantics/Articlees
dc.typeArticlees
dc.identifier.doi10.1016/j.tra.2003.10.002
dc.identifier.scopus0442297251
dc.identifier.isi000189089400001
dcterms.isPartOfTransportation Research Part A-Policy And Practice
dcterms.sourceTransportation Research Part A-Policy And Practice[ISSN 0965-8564],v. 38 (3), p. 163-179
dc.contributor.authorscopusid6701921249
dc.contributor.authorscopusid6603145490
dc.description.lastpage179
dc.description.firstpage163
dc.relation.volume38
dc.type2Artículoes
dc.identifier.wosWOS:000189089400001
dc.contributor.daisngid4340299
dc.contributor.daisngid2619082
dc.identifier.investigatorRIDK-8342-2017
dc.contributor.wosstandardWOS:Nombela, G
dc.contributor.wosstandardWOS:de Rus, G
dc.date.coverdateEnero 2004
dc.identifier.ulpgcSíes
dc.description.jcr0,73
dc.description.jcrqQ2
dc.description.scieSCIE
dc.description.ssciSSCI
item.fulltextSin texto completo-
item.grantfulltextnone-
crisitem.author.deptGIR TIDES: Investigación en Turismo y Transporte-
crisitem.author.deptIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.deptGIR Economía de las Infraestructuras, el Transporte y el Turismo-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.orcid0000-0001-7548-0035-
crisitem.author.orcid0000-0002-2217-0786-
crisitem.author.parentorgIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.parentorgDepartamento de Análisis Económico Aplicado-
crisitem.author.fullNameNombela Merchan,Gustavo-
crisitem.author.fullNameRus Mendoza, Ginés De-
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