Contracting out public transit services: a competitive performance-based approach

Detalhes bibliográficos
Autor(a) principal: Pinto, João M.
Data de Publicação: 2021
Outros Autores: Santos, Mário Coutinho dos, Matos, Pedro Verga
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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spelling 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
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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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
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