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Fondazione Eni Enrico Mattei (FEEM), Mailand >
FEEM Working Papers, Fondazione Eni Enrico Mattei >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53203
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Moretto, Michele | | en_US |
| dc.contributor.author | | Dosi, Cesare | | en_US |
| dc.date.accessioned | | 2011-12-15T11:31:12Z | | - |
| dc.date.available | | 2011-12-15T11:31:12Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53203 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Fondazione Eni Enrico Mattei Milano | | en_US |
| dc.relation.ispartofseries | | Nota di lavoro // Fondazione Eni Enrico Mattei: Institutions and markets 23.2009 | | en_US |
| dc.subject.jel | | L51 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.jel | | D92 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Concessions | | en_US |
| dc.subject.keyword | | Auctions | | en_US |
| dc.subject.keyword | | Award criteria | | en_US |
| dc.subject.keyword | | Service Rollout Time limits | | en_US |
| dc.title | | Auctioning monopoly franchises: Award criteria and service launch requirements | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 644984554 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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