In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of …, unanticipated delays in the provision of public capital generate too much consumption and too little private investment relative to … the first-best optimum. The characterization of the first-best optimum is also affected: facing delays in the arrival of …

assets or total number of full-time equivalent employees. Delays are a widely used proxy for service quality and the most … delay occurrence. Hence, larger airlines seem to offer a higher quality in terms of delays. We also find that an origin … airport with less competition may lead to more delays. Surprisingly, a less competitive route may reduce delays. …