A theory of BOT concession contracts
نویسندگان
چکیده
منابع مشابه
Sharing risk through concession contracts
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...
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It is a great honor to give the Nancy Schwartz lecture. When Ehud Kalai first asked me, I was of course extremely excited. Then I looked at the list of previous speakers and a sense of panic quickly developed. I was put in mind of something Groucho Marx almost said: " If any club that you want to join asks you to be a member, they must have made a mistake. " Mistake or not, here I am, and my to...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2013
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2011.10.003