Concession: Brief Overview
An act initiating a nationwide system of horizontal e-markets should focus on getting the best possible value for citizens and local businesses from digital market technologies. Government should not fund, design or run the intended markets but incentivize a grouping of international and local businesses to do so.
Key to this is identifying benefits government can uniquely bestow on such a system and the obligations that then keep it serving the public interest. They can be paired in a concession akin to those that create official lotteries. It instigates a platform we call POEMs (Public Official E-Markets).
a) Officially Bestowed Benefits
A consortium winning the concession would enjoy benefits like this for their markets uniquely:
b) Public Service Obligations
In return for the above benefits, a winning consortium must undertake to fund build of the POEMs system and commit to the following:
c) Awarding a Concession
A concession might last, perhaps 15 years. A rule that bidders must specify the percentage markup they would charge as a return would allow the lowest credible bidder to legitimately win the opportunity. From that point on, government gets out of the way and, unless the consortium contravenes their obligations, they have 15 years to leverage official benefits and e-markets capabilities to grow the jurisdiction's economy.