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Concessions, concurrence et incitations

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  • Jean Tirole

Abstract

[eng] Franchising, competition and incentives . The paper reviews some of the recent contributions of incitative theory to the choice of franchising contracts and to the design of auctions. It first analyses the determinants of optimal risk sharing between the franchisor and the franchisee. It then identifies some hazards faced by long-term relationships and briefly discusses the costs and benefits of budget balance and privatization. Last, it concludes with an application of theory to a recent debate on highway franchising. [fre] Cet article passe en revue quelques apports des réflexions récentes de la théorie des incitations au choix entre différentes formes d’appels d’offre et de contrats de concession. Il examine les déterminants d’un choix judicieux du partage du risque entre autorités concédante et concessionnaire, et étudie les dangers auxquels font face les relations de long terme ainsi que l’opportunité de politiques d’équilibre budgétaire et de privatisation. Il conclut par une application de la théorie à un débat récent sur les concessions autoroutières.

Suggested Citation

  • Jean Tirole, 1999. "Concessions, concurrence et incitations," Revue d'Économie Financière, Programme National Persée, vol. 51(1), pages 79-92.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_1999_num_51_1_3369
    DOI: 10.3406/ecofi.1999.3369
    Note: DOI:10.3406/ecofi.1999.3369
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    Cited by:

    1. Yuri Biondi, 2009. "Capital budgeting under relational contracting: optimal ranking and duration criteria for schemes of concession, project-financing and public-private partnership," Post-Print hal-00442716, HAL.
    2. Claude Ménard, 2001. "Enjeux d'eau : la dimension institutionnelle," Revue Tiers Monde, Programme National Persée, vol. 42(166), pages 259-274.
    3. Y. Biondi, 2011. "Cost of capital, discounting and relational contracting: endogenous optimal return and duration for joint investment projects," Applied Economics, Taylor & Francis Journals, vol. 43(30), pages 4847-4864.

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