Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...

Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...

Im November 2003 scheiterte die von der Europäischen Kommission initiierte Liberalisierung des europäischen Hafensektors am Veto des Europäischen Parlamentes. Hauptkritikpunkt waren die Bestimmungen zur Regulierung von Hafenarbeit - trotz vielfältiger Modifikationen am ursprünglichen...