This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks settings: 1) two serial facilities, where the consumer has to use both in order to consume; and 2) two parallel facilities that are imperfect substitutes. There are four market...

This paper investigates private supply of two congestible infrastructures that are serial, where the consumer has to use both in order to consume. Four market structures are analysed: a monopoly and 3 duopolies that differ in how firms interact. It is well known that private supply leads too...

The coinciding development of 5G wireless technology, autonomous vehicles, and smart city applications is creating commercial demand for vehicle-to-infrastructure (V2I) systems. In theory, roadside V2I systems and sensors could provide real-time services, such as supplementary mapping...

Chancellor Philip Hammond has been urged to increase government infrastructure spending to counteract any economic slowdown (demand management) and to improve the productive potential of the economy (supplyside reform). Yet the ‘Keynesian’ function of infrastructure spending ignores the...

The most significant criteria for the continued growth rate of an economy rests on the provision of quality infrastructure. The Indian government finds it difficult to provide the required financial and technical resources and the executive capacity to cope with the rising demand for roads,...

This research study aimed to assesses the impact of infrastructure based on the evaluation of infrastructure provision's effect on public finance, presenting the case of Kutaisi International Airport in Georgia. In the case, we assessed the impact of the airport on the public finances of the...

This paper discusses two high-profile public-private partnership projects in Tajikistan - the Dushanbe-Chanak motor toll road and Pamir Energy hydropower projects. An impact evaluation exercise was conducted for the Dushanbe-Chanak road using difference-in-difference estimates. The impact of the...

Infrastructure assets have undergone substantial privatization around the world in recent decades. How do these assets perform post-privatization? This paper examines global airports. Our central finding is that the type of ownership matters: Volume, efficiency, and quality improve substantially...

We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...