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The first part of the paper reports the results from a sequence of laboratory experiments comparing the bidding behavior for multiple contracts in three different sealed bid auction mechanisms; first-price simultaneous, first-price sequential and first-price combinatorial bidding. The design of...
Persistent link: https://www.econbiz.de/10005711101
The capacity of railway tracks is a scarce commodity that is, by nature, more complex than many other commodities. This paper presents results from a series of economic testbed experiments on the performance of different auctioning mechanisms for allocating track capacity between competing...
Persistent link: https://www.econbiz.de/10004987998
The Stockholm - Arlanda airport rail link is a public-private partnership opened for traffic in 1999. This paper addresses costs and benefits of giving a private company control over one section of the otherwise public railway network. The project has reduced the pressure on the public sector's...
Persistent link: https://www.econbiz.de/10005685441
Around one million people are killed world wide every year in road-traffic accidents. The risks and consequences of accidents increase progressively with speed, which ultimately is determined by the individual driver. The behaviour of the motorist thus affects both her own and other peoples...
Persistent link: https://www.econbiz.de/10005685494
Persistent link: https://www.econbiz.de/10005499996
The first part of the paper reports the results from a sequence of laboratory experiments comparing the bidding behavior for multiple contracts in three different sealed bid auction mechanisms; first-price simultaneous, first-price sequential and first-price combinatorial bidding. The design of...
Persistent link: https://www.econbiz.de/10005423195
This paper makes three claims. First, in contrast to Public-Private Partnerships (PPP) in many other industries, infrastructure contracts can be conditioned on the delivery of roads and railways of appropriate user quality. This eliminates one of the concerns in the literature of the welfare...
Persistent link: https://www.econbiz.de/10005642387
The Stockholm – Arlanda airport rail link is a public-private build-operate-transfer project (sometimes referred to as PPP), opened for traffic in late 1999. At the time of decision in 1993, the project was seen as a role model for funding rail infrastructure; it infused private money into the...
Persistent link: https://www.econbiz.de/10005644797
The purpose of this paper is to describe Sweden’s recent reforms to open the railway passenger markets to entry, and to addresses four critical issues for the success of the reforms; the allocation of infrastructure capacity, the provision of maintenance and terminal facilities, the access to...
Persistent link: https://www.econbiz.de/10010764689
This is a draft text for a chapter in Handbook on Research Methods in Transport Economics and Policy to be published by Edward Elgar Publishing. It provides an overview of issues related to scarcity in scheduled transport modes with emphasis on railways. The paper separates the scarcity or...
Persistent link: https://www.econbiz.de/10010765667