Sharing risk through concession contracts

被引：27

作者：

Scandizzo, Pasquale L. ^{[2
]}

Ventura, Marco ^{[1
]}

机构：

[1] Inst Studies & Econ Anal, I-00185 Rome, Italy

[2] Univ Roma Tor Vergata, CEIS, Rome, Italy

来源：

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH | 2010年 / 207卷 / 01期

关键词：

Uncertainty modelling; Real option; Transportation; Risk analysis; Concession contract; VALUATION; OPTIONS;

D O I：

10.1016/j.ejor.2010.04.008

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

In this paper we model concession contracts between a public and a private party, under dynamic uncertainty arising both from the volatility of the cash flow generated by the project and by the strategic behaviour of the two parties. Under these conditions we derive three notions of equilibrium price and apply the model to a case study for one of the most important concession contracts in Italy. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：363 / 370

页数：8

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