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Privatisation des sociétés d'autoroute et marché aval

Ettinger, David (2008), Privatisation des sociétés d'autoroute et marché aval, Annales d'Economie et de Statistique, 89, p. 63-90

Type
Article accepté pour publication ou publié
Date
2008
Journal name
Annales d'Economie et de Statistique
Number
89
Publisher
INSEE - Institut national de la statistique et des études économiques
Pages
63-90
Metadata
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Author(s)
Ettinger, David
Laboratoire d'Economie de Dauphine [LEDa]
Abstract (EN)
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.
Subjects / Keywords
auctions; privatizations; downstream interactions
JEL
L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out