Arbeitspapier
Auctioning Concessions for Private Roads
Private toll roads are now seriously considered as an alternative to public (free-access) road infrastructure. Nevertheless, complete private provision without governmental control is only rarely considered. A main consideration against private roads would be that operators would be primarily interested in maximizing profits, which – given the market power they will have – will typically not lead to welfare maximizing tolls and capacities. An important question is whether these discrepancies can be mitigated by a proper design of auctions for concessions of private roads. This paper therefore analyses capacity choice and toll setting by private investors in a competitive bidding framework organised by the government. We develop a two-link network simulation model with an untolled alternative to determine relative efficiency effects, and analyse rules for the government to organise the bidding process such that a more desired (welfare optimal) outcome is a! chieved. Our results show that, depending on the design of the auction, its outcomes may vary strongly, and may approach the maximum possible (second-best) welfare gains.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 04-008/3
- Klassifikation
-
Wirtschaft
- Thema
-
Traffic congestion
road pricing
private roads
second-best regulation
Straßenbau
Öffentlich-private Partnerschaft
Auktion
Straßenbenutzungsgebühr
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ubbels, Barry
Verhoef, Erik
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ubbels, Barry
- Verhoef, Erik
- Tinbergen Institute
Entstanden
- 2004
Ähnliche Objekte (12)
Private Roads
Private Toll Roads: A Dynamic Equilibrium Analysis
Self-Financing Roads
Self-financing roads under coarse tolling and heterogeneous preferences
Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Priority Roads: the Political Economy of Africa's Interior-to-Coast Roads
Is the Service Quality of Private Roads too Low, too High, or just Right when Firms compete Stackelberg in Capacity?
Auctions for Private Congestible Infrastructures
Price-setting Power versus Private Information
Private Interests and Government Policy in a Global World
Dedicated Doctors: Public and Private Provision of Health Care with Altruistic Physicians
Private Wealth and Job Exit at Older Age: a Random Effects Model
Private Roads
Private Toll Roads: A Dynamic Equilibrium Analysis
Self-Financing Roads
Self-financing roads under coarse tolling and heterogeneous preferences
Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Priority Roads: the Political Economy of Africa's Interior-to-Coast Roads
Is the Service Quality of Private Roads too Low, too High, or just Right when Firms compete Stackelberg in Capacity?
Auctions for Private Congestible Infrastructures
Price-setting Power versus Private Information
Private Interests and Government Policy in a Global World
Dedicated Doctors: Public and Private Provision of Health Care with Altruistic Physicians
Private Wealth and Job Exit at Older Age: a Random Effects Model
Private Roads
Private Toll Roads: A Dynamic Equilibrium Analysis
Self-Financing Roads
Self-financing roads under coarse tolling and heterogeneous preferences
Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership
Priority Roads: the Political Economy of Africa's Interior-to-Coast Roads
Is the Service Quality of Private Roads too Low, too High, or just Right when Firms compete Stackelberg in Capacity?
Auctions for Private Congestible Infrastructures
Price-setting Power versus Private Information
Private Interests and Government Policy in a Global World
Dedicated Doctors: Public and Private Provision of Health Care with Altruistic Physicians