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Privatization and regulation of toll motorways in europe

Daniel Albalate (), Germà Bel () and Xavier Fageda

No 200704, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics

Abstract: The private sector plays an increasing and relevant role in highway funding and management. For that reason, the regulation designed and enforced by public authorities becomes even more important for the social welfare results generated by this process. In this study, we analyze the current trends in highway funding and management paying special attention on the recent process of privatization and its motivations. Since public ownership and regulation are substitutes for government intervention, we check the hypothesis that highways privatization induces more strict regulation. Indeed, we observe that as the private sector increases its size, toll regulation becomes more detailed.

Keywords: transport infrastructures; roads; privatization; regulation and tolls (search for similar items in EconPapers)
JEL-codes: L33 L43 L92 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2007-03, Revised 2007-03
New Economics Papers: this item is included in nep-pbe and nep-reg
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