caa a22 4500 467930325 CHVBK 20180406152941.0 cr unu---uuuuu 170328e20060901xx s 000 0 eng 10.1007/s11151-006-9108-6 doi (NATIONALLICENCE)springer-10.1007/s11151-006-9108-6 Privatizing Highways in the United States [Elektronische Daten] [Eduardo Engel, Ronald Fischer, Alexander Galetovic] We review the experience of both private toll-roads built in the United States during the 1990s, and argue that the problems they encountered could have been avoided if the length of the franchise contract would adapt to demand realizations. We also argue in favor of adjudicating private toll-roads via BOT-type contracts in competitive (Demsetz) auctions. The lessons of this paper are relevant since growing congestion and troubled government finances have made private toll-roads increasingly attractive in the United States. Springer, 2006 BOT contracts nationallicence cost-of-funds nationallicence Demsetz auction nationallicence privatization nationallicence subsidies nationallicence Engel Eduardo Department of Economics, Yale University, 28 Hillhouse Ave, 06511, New Haven, CT, USA aut Fischer Ronald Center for Applied Economics (CEA), Department of Industrial Engineering, University of Chile, Av. República 701, Santiago, Chile aut Galetovic Alexander Facultad de Ciencias Económicas y Empresariales, Universidad de Los Andes, San Carlos de Apoquindo 2200, Santiago, Chile aut Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 29/1-2(2006-09-01), 27-53 0889-938X 29:1-2<27 2006 29 11151 https://doi.org/10.1007/s11151-006-9108-6 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11151-006-9108-6 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Engel Eduardo Department of Economics, Yale University, 28 Hillhouse Ave, 06511, New Haven, CT, USA aut NATIONALLICENCE 700 1- Fischer Ronald Center for Applied Economics (CEA), Department of Industrial Engineering, University of Chile, Av. República 701, Santiago, Chile aut NATIONALLICENCE 700 1- Galetovic Alexander Facultad de Ciencias Económicas y Empresariales, Universidad de Los Andes, San Carlos de Apoquindo 2200, Santiago, Chile aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 29/1-2(2006-09-01), 27-53 0889-938X 29:1-2<27 2006 29 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer