IDEAS home Printed from https://ideas.repec.org/p/zbw/tubsem/200210.html
   My bibliography  Save this paper

Die Allokation des Verkehrsmengenrisikos bei Betreibermodellen für Straßeninfrastruktur: Theoretische Grundlagen und Anwendung auf das A-Modell

Author

Listed:
  • Beckers, Thorsten
  • Miksch, Jan

Abstract

In diesem Beitrag werden auf Basis theoretischer Überlegungen Empfehlungen zur effizienten Allokation des Verkehrsmengenrisikos abgeleitet und auf Betreibermodelle für Bundesfernstraßen nach dem so genannten A-Modell angewandt. Es wird festgestellt, dass grundsätzlich eine Teilung des Verkehrsmengenrisikos zwischen Konzessionär und Nutzern einer Straßeninfrastruktur die optimale Lösung darstellt, was durch Konzessionen mit variabler Laufzeit nach dem Barwertverfahren zu erreichen ist. Da allerdings bei Projekten nach dem A-Modell eine Risikoübernahme durch die Nutzer nicht möglich ist, sollte der Großteil des Verkehrsmengenrisikos vom Staat getragen werden.

Suggested Citation

  • Beckers, Thorsten & Miksch, Jan, 2002. "Die Allokation des Verkehrsmengenrisikos bei Betreibermodellen für Straßeninfrastruktur: Theoretische Grundlagen und Anwendung auf das A-Modell," Discussion Papers 2002/10, Technische Universität Berlin, School of Economics and Management.
    • Handle: RePEc:zbw:tubsem:200210
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/36414/1/360691528.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Estache, Antonio & Romero, Manuel & Strong, John, 2000. "The long and winding path to private financing and regulation of toll roads," Policy Research Working Paper Series 2387, The World Bank.
    2. Klein, Michael, 1996. "Risk, taxpayers, and the role of government in project finance," Policy Research Working Paper Series 1688, The World Bank.
    3. Eduardo Engel & Ronald Fischer & Alexander Galetovic, 1998. "Infraestructure Franchising and Government Guarantees," Documentos de Trabajo 29, Centro de Economía Aplicada, Universidad de Chile.
    4. de Rus, Gines & Nombela, Gustavo, 2000. "Least Present Value of Net Revenue: a new auction-mechanism for highway concessions," MPRA Paper 12203, University Library of Munich, Germany.
    5. Irwin, Timothy & Klein, Michael & Perry, Guillermo E. & Thobani, Mateen, 1999. "Managing Government Exposure to Private Infrastructure Risks," The World Bank Research Observer, World Bank, vol. 14(2), pages 229-245, August.
    6. Kenneth J. Arrow & Robert C. Lind, 1974. "Uncertainty and the Evaluation of Public Investment Decisions," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 3, pages 54-75, Palgrave Macmillan.
    7. Engel, Eduardo & Fischer, Ronald & Galetovic, Alexander, 1997. "Highway Franchising: Pitfalls and Opportunities," American Economic Review, American Economic Association, vol. 87(2), pages 68-72, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thorsten Beckers & Christian von Hirschhausen, 2003. "Konzessionsmodelle für Fernstraßen in Deutschland: eine ökonomische Analyse der Risikoallokation beim F- und A-Modell," Discussion Papers of DIW Berlin 388, DIW Berlin, German Institute for Economic Research.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Irwin, Timothy & Klein, Michael & Perry, Guillermo E. & Thobani, Mateen, 1999. "Managing Government Exposure to Private Infrastructure Risks," The World Bank Research Observer, World Bank, vol. 14(2), pages 229-245, August.
    2. Klingebiel, Daniela & Ruster, Jeff, 2000. "Why infrastructure financing facilities often fall short of their objectives," Policy Research Working Paper Series 2358, The World Bank.
    3. Anginer, Deniz & de la Torre, Augusto & Ize, Alain, 2014. "Risk-bearing by the state: When is it good public policy?," Journal of Financial Stability, Elsevier, vol. 10(C), pages 76-86.
    4. Anginer, Deniz & de la Torre, Augusto & Ize, Alain, 2011. "Risk absorption by the state: when is it good public policy ?," Policy Research Working Paper Series 5893, The World Bank.
    5. Carlos Contreras & Julio Angulo, 2017. "Valuing Governmental Support in Road PPPs," Hacienda Pública Española / Review of Public Economics, IEF, vol. 223(4), pages 37-66, December.
    6. Rausser, Gordon C. & de Janvry, Alain & Schmitz, Andrew & Zilberman, David D., 1980. "Principal issues in the evaluation of public research in agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt74v9m7dh, Department of Agricultural & Resource Economics, UC Berkeley.
    7. Reinhard Mechler & Stefan Hochrainer & Asbjørn Aaheim & Håkon Salen & Anita Wreford, 2010. "Modelling economic impacts and adaptation to extreme events: Insights from European case studies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(7), pages 737-762, October.
    8. Bruno CRUZ & Aude POMMERET, 2002. "Does public investment reduce private investment risk ? A real option approach," LIDAM Discussion Papers IRES 2002039, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    9. Tirelli, Mario, 2006. "The evaluation of public investments under uncertainty," Research in Economics, Elsevier, vol. 60(4), pages 188-198, December.
    10. Gollier, Christian, 2016. "Gamma discounters are short-termist," Journal of Public Economics, Elsevier, vol. 142(C), pages 83-90.
    11. Edward C. F. Wilson & Miranda Mugford & Garry Barton & Lee Shepstone, 2016. "Efficient Research Design," Medical Decision Making, , vol. 36(3), pages 335-348, April.
    12. Carsten Helm, 1998. "International Cooperation Behind the Veil of Uncertainty – The Case of Transboundary Acidification," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(2), pages 185-201, September.
    13. 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-00404305, HAL.
    14. Augusto de la Torre & Alain Ize, 2010. "Containing Systemic Risk: Paradigm-Based Perspectives on Regulatory Reform," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2010), pages 25-64, August.
    15. HEIFETZ, Aviad & MINELLI, Enrico & POLEMARCHAKIS, Heracles, 1999. "Arbitrage and equilibrium with exchangeable risks," LIDAM Discussion Papers CORE 1999046, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    16. Stiglitz, Joseph E., 2018. "Pareto efficient taxation and expenditures: Pre- and re-distribution," Journal of Public Economics, Elsevier, vol. 162(C), pages 101-119.
    17. Laszlo Goerke, 2011. "Commodity tax structure under uncertainty in a perfectly competitive market," Journal of Economics, Springer, vol. 103(3), pages 203-219, July.
    18. George R. Zodrow, 2019. "Taxation, Uncertainty and the Choice of a Consumption Tax Base," World Scientific Book Chapters, in: George R Zodrow (ed.), TAXATION IN THEORY AND PRACTICE Selected Essays of George R. Zodrow, chapter 8, pages 227-237, World Scientific Publishing Co. Pte. Ltd..
    19. 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.
    20. Thorsten Beckers & Christian von Hirschhausen, 2003. "Konzessionsmodelle für Fernstraßen in Deutschland: eine ökonomische Analyse der Risikoallokation beim F- und A-Modell," Discussion Papers of DIW Berlin 388, DIW Berlin, German Institute for Economic Research.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:tubsem:200210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwtubde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.