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	Provedor de dados AgEcon (1) Autor Dosi, Cesare (1) Moretto, Michele (1) Palavra-chave Auctions (1) Bidding Rules (1) Concessions (1) D44 (1) D92 (1) L51 (1) Managerial Flexibility (1) Research Methods/ Statistical Methods (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2006 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Concession Bidding Rules and Investment Time Flexibility AgEcon Dosi, Cesare; Moretto, Michele. We study the competition to operate an infrastructure service by developing a model where firms must report a two-dimensional sealed bid: the price to consumers and the concession fee paid to the government. Two bidding rules are considered in this paper. One rule consists of awarding the concession to the firm that reports the lowest price. The other consists of granting the franchise to the bidder offering the highest fee. We compare the outcome of these rules with reference to two alternative concession arrangements. The former imposes the obligation to immediately undertake the investment required to roll-out the service. The latter allows the concessionaire to optimally decide the investment timing. The focus is on the effect of bidding rules and... Tipo: Conference Paper or Presentation Palavras-chave: Concessions; Auctions; Bidding Rules; Managerial Flexibility; Research Methods/ Statistical Methods; L51; D44; D92. Ano: 2006 URL: http://purl.umn.edu/6630 Registros recuperados: 1 Primeira ... 1 ... Última

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