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 …

Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …

How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new …

infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily …

We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …

Public-private partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the …