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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 As a rule, bidding in the form of lump sum payments should be based on known If, before franchising, the market has already been supplied by a public enterprise, the regulator/franchiser may decide that t The franchiser may choose to allow competitors to specify their bids in terms of more than one dimension—typically in terms o The first large-scale, long-term US environmental programme to rely on trading emissi