Contracting out public transit services: a competitive performance-based approach
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11144/4881 |
Resumo: | 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. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Contracting out public transit services: a competitive performance-based approachPublic transportationPrivatizationPperformance-based contractingBonus / malus mechanism.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.CICEE. Universidade Autónoma de Lisboa2021-03-22T15:59:31Z2021-01-01T00:00:00Z2021info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11144/4881enghttps://doi.org/10.26619/UAL-CICEE/WP04.2021Pinto, João M.Santos, Mário Coutinho dosMatos, Pedro Vergainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-11T02:08:35Zoai:repositorio.ual.pt:11144/4881Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:31:35.945982Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Contracting out public transit services: a competitive performance-based approach |
title |
Contracting out public transit services: a competitive performance-based approach |
spellingShingle |
Contracting out public transit services: a competitive performance-based approach Pinto, João M. Public transportation Privatization Pperformance-based contracting Bonus / malus mechanism. |
title_short |
Contracting out public transit services: a competitive performance-based approach |
title_full |
Contracting out public transit services: a competitive performance-based approach |
title_fullStr |
Contracting out public transit services: a competitive performance-based approach |
title_full_unstemmed |
Contracting out public transit services: a competitive performance-based approach |
title_sort |
Contracting out public transit services: a competitive performance-based approach |
author |
Pinto, João M. |
author_facet |
Pinto, João M. Santos, Mário Coutinho dos Matos, Pedro Verga |
author_role |
author |
author2 |
Santos, Mário Coutinho dos Matos, Pedro Verga |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Pinto, João M. Santos, Mário Coutinho dos Matos, Pedro Verga |
dc.subject.por.fl_str_mv |
Public transportation Privatization Pperformance-based contracting Bonus / malus mechanism. |
topic |
Public transportation Privatization Pperformance-based contracting Bonus / malus mechanism. |
description |
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. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-03-22T15:59:31Z 2021-01-01T00:00:00Z 2021 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/11144/4881 |
url |
http://hdl.handle.net/11144/4881 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://doi.org/10.26619/UAL-CICEE/WP04.2021 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
CICEE. Universidade Autónoma de Lisboa |
publisher.none.fl_str_mv |
CICEE. Universidade Autónoma de Lisboa |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799136797329981440 |