In economics, competition plays a regulatory function in balancing supply and demand: as competition increases, the price for similar goods and services is expected to decrease. As transportation agencies search for new, cost-effective ways to preserve existing infrastructure assets, our research shows how increasing inter-industry competition (meaning between firms who pave with material substitutes) can have an impact on the price of paving materials. The work suggests that the introduction of policies that promote industry-wide competition can potentially offer agencies a way to be more efficient with their financial resources.
- Estimating The Impact Of Competition (February 2016)
- Swei, O., Miller, T.R, Akbarian, M., Gregory, J., and Kirchain, R. "Effects of Industry Competition in the Paving Sector.” Under Review.
This webinar was presented on December 7, 2017. Click here for a list of upcoming webinars and additional webinar videos.