This paper considers the choice between different approaches to contract for the construction and maintenance of infrastructure projects. The need to control for user costs over the life cycle of an asset is demonstrated to be a core aspect of contract design. The more likely it is that a...

The capacity of railway tracks is a scarce commodity that is, by nature, more complex than many other commodities. This paper presents results from a series of economic testbed experiments on the performance of different auctioning mechanisms for allocating track capacity between competing...