点击次数：

论文类型：期刊论文

发表时间：2018-10-01

发表刊物：TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW

收录刊物：SCIE、SSCI

卷号：118

页面范围：184-206

ISSN号：1366-5545

关键字：BOT; Contract design; Service level; Government regulation

摘要：For many BOT transport projects, the government imposes service level requirement on the private firm so that project capacity and stochastic demand can be better matched. We define service level as the probability of project capacity satisfying uncertain demand. The results suggest that the presence of service level requirement improves both user fee and project capacity, and also improves consumer surplus while decreases firm profit. We have made two extensions to investigate the government's optimal service level, and to compare service level requirement with capacity regulation and price cap regulation. Some managerial insights offered by model results are discussed.