...Jian Guo; Junlin Chen; Yujie Xie Purpose This paper explores the impact of both government subsidies and decision makers' loss-averse behavior on the determination of transportation build-operate-transfer (BOT) concession periods based on cumulative prospect theory (CPT). The prospect value...

...Hongyu Jin; Shijing Liu; Chunlu Liu; Nilupa Udawatta Purpose Targeting public–private partnership (PPP) projects, the purpose of this paper is to help decision makers fairly allocate financial risk between governments and private investors through a properly designed length of concession period...