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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...
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This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
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infrastructure and traffic conditions and those devoted to the evaluation of public policies and regulations. As a result, few … the technical characteristics of infrastructure and recent infrastructure spending together with the main regulatory …
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