Winner's curse in toll road concessions

被引：23
|
作者：
Athias, Laure [1 ,2 ,3 ]
Nunez, Antonio [4 ]
机构：
[1] Univ Paris 04, ATOM, F-75013 Paris, France
[2] IDHEAP, CH-1022 Chavannes Pres Renes, Switzerland
[3] SPAN, CH-1022 Chavannes Pres Renes, Switzerland
[4] Univ Lyon, LET, F-69363 Lyon, France
来源：
ECONOMICS LETTERS | 2008年 / 101卷 / 03期
关键词：
Auctions; Common value; Winner's curse; Incomplete contracts; Concessions;
D O I：
10.1016/j.econlet.2008.07.017
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码：172 / 174
页数：3
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