Moretto, Michele; D'Alpaos, Chiara; Dosi, Cesare - 2005
the impact of concession length and investment timing flexibility on the "concession value." It is generally argued that … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the … is whether or not the concessionare should be allowed to set the timing of new investments. In this paper we investigate …
