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Title: Contracting out public transit services: a competitive performance-based approach
Authors: Pinto, João M.
Santos, Mário Coutinho dos
Matos, Pedro Verga
Keywords: Public transportation
Pperformance-based contracting
Bonus / malus mechanism.
Issue Date: 2021
Publisher: CICEE. Universidade Autónoma de Lisboa
Abstract: This paper develops a bonus / malus incentive model to contracting out public transit services, and provides evidence on performance measures of a lightrail transit system operation, procured with a contract designed based on our modeling approach. Empirical results document that the implementation of a performance-based contract with an embedded incentive bonus / malus mechanism, may contribute to promote ridership patronage, increase the average ride, and ultimately significantly improving the overall economic operating efficiency of the system, measured by a 40 percent increase in the operating costs coverage ratio during the contract term.
Peer Reviewed: no
Appears in Collections:WPs_2021

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