This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...

India has accorded a high priority to road infrastructure development through Public-Private Partnership (PPP) and it has set a high target for investment inflows. Yet, it is widely held that road/highway infrastructure has not been developing at required pace and that the road infrastructure...

The new Labour Government elected in 1997, which as a party in opposition had fought hard to overcome public fears about Labours leftist tendencies, had to marry its promise to invest more in public services with strict self-imposed budgetary rules. How could this be achieved?.