{"id":2936,"date":"2021-07-27T17:28:51","date_gmt":"2021-07-27T16:28:51","guid":{"rendered":"https:\/\/cicee.stg.mind-shaker.com\/?post_type=working_papers&#038;p=2936"},"modified":"2022-02-04T18:44:48","modified_gmt":"2022-02-04T18:44:48","slug":"004-contracting-out-public-transit-services-a-competitive-performance-based-approach","status":"publish","type":"working_papers","link":"https:\/\/cicee.autonoma.pt\/en\/working_papers\/004-contracting-out-public-transit-services-a-competitive-performance-based-approach\/","title":{"rendered":"004-Contracting Out Public Transit Services: A Competitive Performance-Based Approach"},"content":{"rendered":"\n<p>This paper develops a bonus \/ malus incentive model to contracting out public transit services, and provides evidence on performance measures of a light-rail 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This paper develops a bonus \/ malus incentive model to contracting out public transit services, and provides evidence on performance measures of a light-rail 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, [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","format":"standard","meta":{"_acf_changed":false},"ano":[66],"class_list":["post-2936","working_papers","type-working_papers","status-publish","format-standard","hentry","anos-66"],"acf":[],"_links":{"self":[{"href":"https:\/\/cicee.autonoma.pt\/en\/wp-json\/wp\/v2\/working_papers\/2936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cicee.autonoma.pt\/en\/wp-json\/wp\/v2\/working_papers"}],"about":[{"href":"https:\/\/cicee.autonoma.pt\/en\/wp-json\/wp\/v2\/types\/working_papers"}],"wp:attachment":[{"href":"https:\/\/cicee.autonoma.pt\/en\/wp-json\/wp\/v2\/media?parent=2936"}],"wp:term":[{"taxonomy":"anos","embeddable":true,"href":"https:\/\/cicee.autonoma.pt\/en\/wp-json\/wp\/v2\/ano?post=2936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}