TY  - JOUR
A1  - Humborg, Christian Ludwig
T1  - Highways in Europe - between public and private provision
N2  - This paper discusses different options for institutional arrangements providing network infrastructure on the basis of the ‘transaction cost economic’ approach using the example of highway infrastructure. Drawing on lessons learned from highway provision in three European countries (Italy, Poland and Spain), five models of highway provision are discussed: public authorities, public enterprises, user clubs, private partnerships or a regulated private market. Three options to regulate the private market are presented: a rate-of-return regulation, a price-cap-regulation and franchise bidding. The main factor that makes private construction and provision expensive are the risk premiums of private companies that are incorporated for political risks. It is argued that the optimal model of highway provision depends on each country-specific situation. This is mainly influenced by the regulatory experience within the country on one hand and by the stage of highway development on the other.
Y1  - 2010
UR  - https://publishup.uni-potsdam.de/frontdoor/index/index/docId/4413
UR  - https://nbn-resolving.org/urn:nbn:de:kobv:517-opus-46071
ER  -