Engel, Eduardo; Fischer, Ronald; Galetovic, Alexander - In: Review of Industrial Organization 29 (2006) 1, pp. 27-53
We review the experience of both private toll-roads built in the United States during the 1990s, and argue that the problems they encountered could have been avoided if the length of the franchise contract would adapt to demand realizations. We also argue in favor of adjudicating private...
