Please use this identifier to cite or link to this item:
http://hdl.handle.net/11144/4881
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 Privatization 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 |
URI: | http://hdl.handle.net/11144/4881 |
metadata.dc.identifier.doi: | https://doi.org/10.26619/UAL-CICEE/WP04.2021 |
Appears in Collections: | WPs_2021 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
WORKING-PAPER-04-TODO.pdf | 683,8 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.