Road Concession Regulation and the Role of State
Keywords:
regulation, highway concession, the state's role, natural monopolyAbstract
Purpose ”“ This paper seeks to establish standards for the assessment of regulation applied to highway concessions to comply with the state’s role as insurer of the public interest.
Methodology/approach/design ”“ The methodology consisted of a literature review on the theory of regulation, applying them to the sector of road concessions and performing an evaluation of the form of state intervention and the fulfillment of its objectives.
Findings ”“ The result was the identification of standards to be followed by regulation for that allows the qualification of the state’s role in highway concessions in Brazil and the fulfillment of its objectives.
Originality/value ”“ This paper analyzes systemically the application of regulation in the road sector that has very specific market characteristics allowing an evaluation of the quality and effectiveness of regulation in meeting the state’s role. The results are useful and innovative for a critical evaluation of the current regulation in Brazil and its evolution, both for scholars in the field, and for specialists working in the regulatory agencies of the transport sector.
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