Imperfect Information Bargaining Model for Determining Concession Period of PPPs under Revenue Uncertainty

The concession period is a critical contractual parameters for public-private partnership (PPP) projects whose value can significantly influence the financial interests of project participants. However, it has become a common practice to predetermine the length of the concession period without plausible reasoning, and this can incur postcontractual renegotiation and even project failure. To identify the most appropriate length of the concession...