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Sharing risk through concession contracts
Pasquale Lucio Scandizzo ()
Marco Ventura , 2010, vol. 207, issue 1, pages 363-370
European Journal of Operational Research Abstract:
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.
Keywords: Uncertainty; modelling; Real; option; Transportation; Risk; analysis; Concession; contract (search for similar items in EconPapers)
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Related works: Working Paper: Sharing Risk Through Concession Contracts (2010) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ejores:v:207:y:2010:i:1:p:363-370
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Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati
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