"Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition … suggests that quality is of particular importance in large infrastructure projects and auctioneers cannot easily substitute …

Infrastructure has particular challenges in public procurement, because it is highly complex and customized and often … requires economic, political and social considerations from a long time horizon. To deliver public infrastructure services to … important economic theories that could guide governments to wise decision-making at each stage. Theory suggests that in general …

This paper uses some simple conceptual models to draw out various implications of infrastructure investments with long … infrastructure investment decisions tend to be made on the basis of (current and expected future) emissions prices that do not fully … for infrastructure investors. These issues are illustrated for two alternative cases of climate damages, namely with the …

This paper examines a puzzle in the political economy of infrastructure in India - the co-existence of relatively low … shares of capital spending in public budgets alongside evidence of large demand for village infrastructure from poor voters …. It argues that this pattern is due to infrastructure projects being used at the margin for political rent-seeking, while …

Adequate urban infrastructure can be expensive, but the costs of not delivering housing, transportation, water, sewage …, public facilities, and other necessities are also high. Inadequate infrastructure slows and even reverses economic growth … and spirit. One study in Africa showed that the return on investment for infrastructure was about 50 percent, based on …