Transcription of ECONOMIC GROWTH CENTER - Yale University
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ECONOMIC GROWTH CENTER - Yale University
ECONOMIC GROWTH CENTER . yale University . Box 208269. New Haven, CT 06520-8269. ~egcenter/. CENTER DISCUSSION PAPER NO. 840. HIGHWAY FRANCHISING. AND REAL ESTATE VALUES. Eduardo Engel yale University Ronald Fischer University of Chile and Alexander Galetovic University of Chile February 2002. Note: CENTER Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments. This paper can be downloaded without charge from the Social Science Research Network electronic library at: An index to papers in the ECONOMIC GROWTH CENTER Discussion Paper Series is located at: ~ HIGHWAY FRANCHISING AND REAL ESTATE VALUES. BY EDUARDO ENGEL, RONALD FISCHER AND ALEXANDER GALETOVIC1. February 2002. Abstract It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls.
ECONOMIC GROWTH CENTER YALE UNIVERSITY P.O. Box 208269 New Haven, CT 06520-8269 http://www.econ.yale.edu/~egcenter/ CENTER DISCUSSION PAPER NO.
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