Showing 1 - 10 of 40
patient) and a lump-sum component, efficiency can be ensured both in the timing of adoption (dynamic) and the intensity of use … efficiency. In this context, we also discuss how the regulator could use the control of the level of uncertainty faced by the … provider as an instrument to mitigate the trade-off between static and dynamic efficiency. Finally, the model is calibrated to …
Persistent link: https://www.econbiz.de/10008746927
Persistent link: https://www.econbiz.de/10012648357
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be financially loss-making. In a continuous-time setting with hidden information about operating profits, we show that an exit option, acting as a risk-sharing...
Persistent link: https://www.econbiz.de/10012195007
Persistent link: https://www.econbiz.de/10000914246
Persistent link: https://www.econbiz.de/10000914348
Persistent link: https://www.econbiz.de/10000914354
Persistent link: https://www.econbiz.de/10000921310
Persistent link: https://www.econbiz.de/10000921312
Persistent link: https://www.econbiz.de/10000934839
Persistent link: https://www.econbiz.de/10000941934