Miniatura

Fitxers

IR07-006_Albalate-Bel.pdf (315.39 KB)

Tipus de document

Document de treball

Data de publicació

2007

Llicència de publicació

cc-by-nc-nd, (c) Albalate et al., 2007
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/63548

Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts

Títol de la revista

Autors

Director/Tutor

ISSN de la revista

Títol del volum

Recurs relacionat

Resum

Recent theoretical developments on concession contracts for long term infrastructure projects under uncertain demand show the benefits of allowing for flexible term contracts rather than fixing a rigid term. This study presents a simulation to compare both alternatives by using real data from the oldest Spanish toll motorway. For this purpose, we analyze how well the flexible term would have performed instead of the fixed length actually established. Our results show a huge reduction of the term of concession that would have dramatically decreased the firm’s benefits and the user’s overpayment due to the internalization of an unexpected traffic increase.

Matèries

Concessions administratives, Autopistes, Política de transports, Infraestructures (Transport), Privatització, Control de gestió

Matèries (anglès)

Concessions, Express highways, Transportation and state, Transportation buildings, Privatization, Management audit

Citació

Col·leccions

Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citació

ALBALATE, Daniel, BEL I QUERALT, Germà, FAGEDA, Xavier. Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts. _IREA – Working Papers_. 2007. Vol.  IR07/06. [consulta: 13 de febrer de 2026]. ISSN: 2014-1254. [Disponible a: https://hdl.handle.net/2445/63548]

Exportar metadades

JSON - METS

Compartir registre