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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...
Persistent link: https://www.econbiz.de/10012869584
Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the...
Persistent link: https://www.econbiz.de/10012970883
Policy recommendations for infrastructure provision usually build on a well-established understanding of best practice for sector governance. Too rarely are they adapted to the country-specific political environment even if this is an area where policy choices are likely to be subject to private...
Persistent link: https://www.econbiz.de/10012976328
This paper examines a puzzle in the political economy of infrastructure in India -- the co-existence of relatively low shares of capital spending in public budgets alongside evidence of large demand for village infrastructure from poor voters. It argues that this pattern is due to infrastructure...
Persistent link: https://www.econbiz.de/10012976371
This paper uses some simple conceptual models to draw out various implications of infrastructure investments with long lifetimes for the ability of societies to reduce their future greenhouse gas emissions. A broad range of such investments, related both to energy supply and demand systems, may...
Persistent link: https://www.econbiz.de/10012976551
The paper examines the politics of infrastructure in the post-privatisation era. It shows the tensions between the interests of private investors and the expectations of the citizenry for the assembly of a raft of capital assets that collectively underpin the operation of liveable sustainable...
Persistent link: https://www.econbiz.de/10012992915
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...
Persistent link: https://www.econbiz.de/10013043210