https://scholars.lib.ntu.edu.tw/handle/123456789/414608
標題: | Royalty bargaining in Public-Private Partnership projects: Insights from a theoretic three-stage game auction model | 作者: | Kang, Chao Chung TSUN-SIOU LEE Huang, Szu Chi |
關鍵字: | Bargaining | Bidding | Public-Private Partnership | Royalty | Subsidy | 公開日期: | 1-一月-2013 | 出版社: | PERGAMON-ELSEVIER SCIENCE LTD | 卷: | 59 | 起(迄)頁: | 1 | 來源出版物: | Transportation Research Part E: Logistics and Transportation Review | 摘要: | This study presents a transformed first-price sealed-bid auction with independent private values to determine the equilibrium royalties and subsidies in Public-Private Partnerships. The proposed model implies that royalties and subsidies are influenced by the true values bidders assign to a target project and the payoff received by a government from taking up its outside options instead of its bargaining power. In addition, such payoff is vulnerable to collusion. A real case is also detailed to show how reported signals, royalties and subsidies are determined in different cases. © 2013 Elsevier Ltd. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/414608 | ISSN: | 13665545 | DOI: | https://api.elsevier.com/content/abstract/scopus_id/84884171324 10.1016/j.tre.2013.08.001 |
顯示於: | 財務金融學系 |
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