Data/hora: 13/06/2024 05:08:04

Provedor de dados: | 31
País: | United States
Título: | Auctioning Monopoly Franchises: Award Criteria and Service Launch Requirements
Autores: | Dosi,   Cesare; Moretto,   Michele.
Data: | 2009-05-28
Ano: | 2009
Palavras-chave: | Concessions; Auctions; Award criteria; Service Rollout Time limits; Public Economics; L51; D44; D92.
Resumo: | We study the competition to acquire the exclusive right to operate an infrastructure service, by comparing two different specifications for the financial proposals - "lowest price to consumers" vs "highest concession fee", and two alternative contractual arrangements: a contract which imposes the obligation to immediately undertake the investment required to operate the concessioned service and a contract which simply assigns to the winning bidder the right to supply the market at a date of her choosing. By comparing the returns of these alternative award criteria and concessioning conditions, we show that concessioning without imposing rollout time limits may or may not provide a higher expected social value, depending on the bidding rule used to allocate the contract. In turn, the relative advantages of each award criterion are affected by the concessioning conditions.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/50409

Relação:

Fondazione Eni Enrico Mattei (FEEM)&gt;Institutions and Markets Papers

IM

23.2009

Formato: | 30