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Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...
Persistent link: https://www.econbiz.de/10012454996
reductions in commuting time between regions on the commuting decisions of workers and their choices regarding where to live and …
Persistent link: https://www.econbiz.de/10012453209
Persistent link: https://www.econbiz.de/10000642927