An Economic Analysis of the Closure of Markets and other Dysfunctions in the Awarding of Concession Contracts
Indgående analyse
15-06-2012
As concession contracts are long-term agreements that are inherently incomplete, the economic literature suggests that rigid award rules are inadequate. We suggest that the Directive for the awarding of concession contracts should contain a balanced mix of flexible and rigid rules, as well as procedures to increase the transparency and accountability of contracting parties. This briefing note provides suggestions in order to avoid the closure of markets and other dysfunctions in the awarding of concession contracts.
Indgående analyse
Ekstern forfatter
Stéphane SAUSSIER (Sorbonne Business School)