Chong, Eshien; Huet, Freddy - In: Recherches économiques de Louvain 76 (2010) 4, pp. 413-448
The efficiency of franchise bidding schemes for network industries has been challenged by many authors. One of the problems with this kind of schemes concerns the lack of investment?s incentives of the incumbent at the end of the contract. The goal of this article is twofold. First, we explain...