Highway franchising: pitfalls and opportunities

Author	dc.contributor.author	Engel Goetz, Eduardo
Author	dc.contributor.author	Fischer Barkan, Ronald
Author	dc.contributor.author	Galetovic Potsch, Alexander
Admission date	dc.date.accessioned	2018-08-20T18:41:56Z
Available date	dc.date.available	2018-08-20T18:41:56Z
Publication date	dc.date.issued	1997
Cita de ítem	dc.identifier.citation	American Economic Review, Papers and Proceeding. Vol. 87, No. 2, pp. 68 - 72, Mayo, 1997	es_ES
Identifier	dc.identifier.issn	0002-8282
Identifier	dc.identifier.uri	https://repositorio.uchile.cl/handle/2250/151098
Abstract	dc.description.abstract	We build a conceptual framework to analyze the virtues and limitations of alternative mechanisms that can be used to auction a highway. We argue that current mechanisms, which fix the term of the franchise, create unnecesary risk and facilitate post-contract opportunism by the regulator and the franchise-holder. We propose a new mechanism that allocates the franchise to the firm asking the least present value of toll revenue. We argue that this mechanisms is clearly superior to those currently in use.	es_ES
Lenguage	dc.language.iso	en	es_ES
Publisher	dc.publisher	American Economic Association	es_ES
Type of license	dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
Link to License	dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
Source	dc.source	American Economic Review	es_ES
Título	dc.title	Highway franchising: pitfalls and opportunities	es_ES
Document type	dc.type	Artículo de revista
Cataloguer	uchile.catalogador	rca	es_ES

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile