This study examines an extension of the Hotelling model of spatial competition in which there are two separated linear cities with two roads connecting them at the edges of the cities. Initially, the cost of passing them for consumers is too high so they are impassible, but one of them is...

Development of infrastructure is essential presumption for growth and development of relevant economic entities. The empirical evidence of private initiative importance and potentials in the establishment of cooperation with the public sector in infrastructure projects financing and operation...

Infrastructure is an umbrella term for many activities which are referred to as 'social overhead capital' has made many private sector operators shy off from them. This has not been the exception for the banking industry in Kenya. In fact, evidence shows that most of the financing of such...