Privatisation des sociétés d'autoroute et marché aval
David Ettinger ()
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We analyze the privatization of highway firms, focusing both on the sale of the shares of these firms and the tenders organized by the highway firms for the maintenance of the highways network. If a public works firm buys shares of a highway firm, tenders become inefficient and the revenue of the highway firm rises. We propose allocation mechanisms for highway firms' shares which raise State's revenue and reduce downstream tenders' efficiency.
Keywords: auctions; privatizations; downstream interactions (search for similar items in EconPapers)
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Published in Annales d'Economie et Statistiques, 2008, 83, pp.63-90
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Journal Article: Privatisation des sociétés d'autoroute et marché aval (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00702431
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