Subsidizing and pricing private toll roads with noncontractible service quality: A relational contract approach
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- 作者：Zhuo Fenga ; fengzhuo1028@hotmail.com" class="auth_mail" title="E-mail the corresponding author ; Shui-Bo Zhangb ; zhangshuibo@tju.edu.cn" class="auth_mail" title="E-mail the corresponding author ; Ying Gao ; b ; gaoying19860201@163.com" class="auth_mail" title="E-mail the corresponding author ; ygao@tju.edu.cn" class="auth_mail" title="E-mail the corresponding author ; Shuai-Jun Zhangb ; tjuzhshju@126.com" class="auth_mail" title="E-mail the corresponding author
- 关键词：Private toll roads ; Noncontractible service quality ; Relational contract ; Subsidy plan ; Toll price
- 刊名：Transportation Research Part B: Methodological
- 出版年：2016
- 出版时间：September 2016
- 年：2016
- 卷：91
- 期：Complete
- 页码：466-491
- 全文大小：1705 K
文摘
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Some of the private operator’s performance elements cannot be perfectly measured.
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We use noncontractible service quality to capture these performance elements.
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To improve service quality, the government needs a self-enforcing subsidy design.
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We use relational contract approach to derive the optimal subsidy and toll price.
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Some implications for practice are derived from model results.