Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage...
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详细
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2008/07/01
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政策研究报告
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WPS4665
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1
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1
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2010/07/01
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Disclosed
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Multidimensionality and renegotiation : evidence from transport-sector public-private-partnership transactions in Latin America
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private sector participation in road