analysis suggests a stark trade-off: WB procedures delayed construction completion by 16 months relative to AfDB sites but … improved construction quality by a sizeable 0.6 standard deviations. To disentangle the effects of contract bundling versus …. Given the apparent trade-off, we investigate how net benefits depend on policymaker time preferences and infrastructure …

Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several … in building, financing, and operating infrastructure, including limitations of private capital markets, externalities …, and the control of natural monopolies. It then describes the conditions that characterize an optimal infrastructure …

Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual … apparent holdup. We argue that they are used by political incumbents to anticipate infrastructure spending and thereby increase …