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Export Reference (APA) 
Greve, T. & Pollitt, M. G. (2017). Determining the optimal length of regulatory guarantee: a length‐of‐contract auction. Economic Journal. 127 (605), F325-F333
Export Reference (IEEE) 
T. Greve and M. G. Pollitt,  "Determining the optimal length of regulatory guarantee: a length‐of‐contract auction", in Economic Journal, vol. 127, no. 605, pp. F325-F333, 2017
Export BibTeX 
@article{greve2017_1766489544123,
	author = "Greve, T. and Pollitt, M. G.",
	title = "Determining the optimal length of regulatory guarantee: a length‐of‐contract auction",
	journal = "Economic Journal",
	year = "2017",
	volume = "127",
	number = "605",
	doi = "10.1111/ecoj.12405",
	pages = "F325-F333",
	url = "https://onlinelibrary.wiley.com/doi/abs/10.1111/ecoj.12405"
}
Export RIS 
TY  - JOUR
TI  - Determining the optimal length of regulatory guarantee: a length‐of‐contract auction
T2  - Economic Journal
VL  - 127
IS  - 605
AU  - Greve, T.
AU  - Pollitt, M. G.
PY  - 2017
SP  - F325-F333
SN  - 0013-0133
DO  - 10.1111/ecoj.12405
UR  - https://onlinelibrary.wiley.com/doi/abs/10.1111/ecoj.12405
AB  - We present an auction design to be used in the area of procurement that allows the length of the regulatory funding period to be determined via an auction. It allows bidders to submit bids against a payment for periods of varying lengths, say 25 and 30 years, instead of a fixed 20‐year contract. This can be desirable for securing more favourable terms in financial markets. It yields efficiency and delivers the optimal length of contract, defined as where social value is maximised. The auction is applicable to any infrastructure investment such as energy, transportation or any area that uses contracts.
ER  -