Winner's curse in toll road concessions - HAL-SHS - Sciences de l'Homme et de la Société
Article Dans Une Revue Economics Letters Année : 2008

Winner's curse in toll road concessions

Résumé

We empirically assess the effect of the winner's curse in auctions for toll road concessions, taking into account, to our knowledge for the first time, problems of commitment and enforcement, using a unique dataset of 49 worldwide road concessions.

Dates et versions

halshs-00331821 , version 1 (17-10-2008)

Identifiants

Citer

Laure Athias, Antonio Núñez. Winner's curse in toll road concessions. Economics Letters, 2008, 101 (3), pp.172-174. ⟨10.1016/j.econlet.2008.07.017⟩. ⟨halshs-00331821⟩
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