Winner's curse in toll road concessions

Details

Serval ID
serval:BIB_A9BDDD9143A3
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Winner's curse in toll road concessions
Journal
Economics Letters
Author(s)
Athias L., Nunez A.
ISSN
0165-1765
Publication state
Published
Issued date
2008
Peer-reviewed
Oui
Volume
101
Number
3
Pages
172-174
Language
english
Abstract
We empirically assess the effect of the winner's curse in auctions for toll road concessions, taking into account, to our knowledge for the first time, problems of commitment and enforcement, using a unique dataset of 49 worldwide road concessions.
Keywords
Auctions, Common value, Winner's curse, Incomplete contracts, Concessions
Create date
30/06/2011 10:58
Last modification date
20/08/2019 15:13
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