Haughwout, Andrew - Federal Reserve Bank <New York, NY> - 2001
Public infrastructure is an important part of a wellfunctioningurban economy. Such infrastructure—definedhere as … overall benefits that exceed their costs.1That is to say, is the amount of infrastructure we havesufficient, or would we … benefit from an increase? Anotherimportant question is, do our institutional structures promoteefficient infrastructure …