Webinar: Regulatory Organization and Contractual Relations Between Agents

02 / 21 / 2013

The Across Latitudes and Cultures BRT Centre of Excellence is pleased to announce a monthly webinar series to share timely public transit research and encourage ongoing collaboration. The series is open to anyone and will address issues relevant to researchers and practitioners. Please share this announcement with your extended network.

The last webinar was:

Regulatory Organization and Contractual Relations Between Agents
Thursday, February 21st, 2013 at 1300 CLST (UTC-3)
Presented by Rosário Macário, professor of the Departamento de Engenharia Civil, Arquitectura e Georrecursos, Instituto Superior Técnico, Lisbon Portugal
Register here
See summary and presentation below.

Please email Laurel at lpaget@uc.cl with any questions or future topic suggestions.


Regulatory Organization and Contractual Relations Between Agents

The regulatory setting of urban transport is the background scene where economic and institution relations occur. These are in turn regulated through contractual relation. The last decades provided a strong development in this field establishing a clear cause-effect relation between regulatory setting – contractual form – performance of operators and system.

No universal solution exists and for each reality one must chose the type of contract that provides the best fitting and the highest performance incentive to all intervening agents. In the case of introduction of a new mode (e.g. BRT) these aspects gain a critical importance since change is introduced in the system and agents behaviours do adjust to the new circumstances.