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- The importance of franchising as a policy option demands that its virtues and vices be … #111
- The essence of … is the allocation (subject to conditions) of a protected or exclusive right to exploit or carry out an activity. #112
- In the commercial world, franchising is known as a form of … or distribution in which one party, the franchiser, allows another, the franchisee, to exploit a trade name, trademark, process, or other resource in return for a fee. #113
- … franchising may resemble commercial franchising closely but can be distinguished by its «public» purpose. #114
- …, operators are free to compete in the market provided that they have obtained permission to do so. #115
- One option is to introduce bidding on price per unit so that the franchise is awarded to the competitor willing to supply the service to the public at the lowest prices. #116
- As a rule, bidding in the form of lump sum payments should be based on known regulated prices. #117
- If, before franchising, the market has already been supplied by a public enterprise, the regulator/franchiser may decide that those prices must be maintained. #118
- The franchiser may choose to allow competitors to specify their bids in terms of more than one dimension—typically in terms of price and quality of service. #119
- The first large-scale, long-term US environmental programme to rely on trading emissions permits was the … #120