Winners and Losers in Toll Motorway Renegotiations: an empirical evaluation of the Spanish Pioneers
This paper evaluates the welfare impact of a tolled motorway contract renegotiation in Spain. The results show that, after renegotiation, both taxpayers and the private concessionaire were better off. However, road users lost out. An agreement leaving road users unaffected, while securing gains for...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2016 |
| País: | España |
| Institución: | Universidad de Barcelona |
| Repositorio: | Dipòsit Digital de la UB |
| OAI Identifier: | oai:diposit.ub.edu:2445/110764 |
| Acceso en línea: | https://hdl.handle.net/2445/110764 |
| Access Level: | acceso abierto |
| Palabra clave: | Concessions administratives Autopistes Privatització Infraestructures (Transport) Seguretat viària Concessions Express highways Privatization Transportation buildings Traffic safety |
| Sumario: | This paper evaluates the welfare impact of a tolled motorway contract renegotiation in Spain. The results show that, after renegotiation, both taxpayers and the private concessionaire were better off. However, road users lost out. An agreement leaving road users unaffected, while securing gains for taxpayers and the concessionaire, would have been possible by negotiating a larger reduction in tolls linked to the extension of the contract duration. |
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