Optimal choice of capacity, toll and government guarantee for build-operate-transfer roads under asymmetric cost information
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- 作者：Shasha Shia ; Yafeng Yinb ; yafeng@ufl.edu" class="auth_mail" title="E-mail the corresponding author ; Xiaolei Guoc
- 关键词：Build-operate-transfer ; Road capacity ; Pricing ; Government guarantee ; Concession contract ; Asymmetric cost information
- 刊名：Transportation Research Part B: Methodological
- 出版年：2016
- 出版时间：March 2016
- 年：2016
- 卷：85
- 期：Complete
- 页码：56-69
- 全文大小：544 K
文摘
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BOT contract considered as a combination of road capacity, toll and government guarantee.
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Investigation of optimal contract under both symmetric and asymmetric information.
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Government guarantee to induce the private investor to reveal true cost information.
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The government suffers a loss of social welfare under asymmetric information.
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The private investor obtains information rent that decreases with his reported marginal cost.