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- W114047280 abstract "Observing that highway public-private partnerships (P3s) have been rare for projects that cross jurisdictional boundaries, this study attempts to evaluate strategic interactions of multiple governments in terms of their road network investment, with the prospect to partner with a private firm. There is a gap in the literature regarding network level analyses of investment behavior in partnership with the private sector. In undertaking this complex analysis, this paper presents a model with which to investigate how governments strategically interact with each other in making these decisions. Numerical analysis of the model on a highly stylized highway network was conducted to serve as the foundation for investigating various complex policy alternatives not only on stylized networks but also on real highway networks. The analysis demonstrated that two jurisdictions, in maximizing respective welfare given the best response of the counterpart, raised toll and increased the capacity for the link that served inter-jurisdictional commuters, relative to the other links. Welfare losses and negative profitability resulted. The analysis suggested the analytical framework could be a tool to inform decision makers on possible consequences of various policy scenarios, including the use of P3s for such contexts." @default.
- W114047280 created "2016-06-24" @default.
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- W114047280 date "2015-01-01" @default.
- W114047280 modified "2023-09-23" @default.
- W114047280 title "Understanding the Interaction of Multiple Jurisdictions for Highway Investment: Viability of Public-Private Partnership Alternatives" @default.
- W114047280 hasPublicationYear "2015" @default.
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