Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53203
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dc.contributor.authorMoretto, Micheleen_US
dc.contributor.authorDosi, Cesareen_US
dc.date.accessioned2011-12-15T11:31:12Z-
dc.date.available2011-12-15T11:31:12Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53203-
dc.description.abstractWe 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.isoengen_US
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen_US
dc.relation.ispartofseries|aNota di lavoro // Fondazione Eni Enrico Mattei: Institutions and markets |x23.2009en_US
dc.subject.jelL51en_US
dc.subject.jelD44en_US
dc.subject.jelD92en_US
dc.subject.ddc330en_US
dc.subject.keywordConcessionsen_US
dc.subject.keywordAuctionsen_US
dc.subject.keywordAward criteriaen_US
dc.subject.keywordService Rollout Time limitsen_US
dc.titleAuctioning monopoly franchises: Award criteria and service launch requirementsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644984554en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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