The Federal Infrastructure Strategy (FIS) Program is a collaborative interagency study facilitated by the U.S. Army Corps of Engineers Institute for Water Resources designed to develop and stimulate implementation of an effective policy for managing and maintaining the nation's public works....

Large capital investments present some significant conceptual difficulties when it comes to accounting for cost recovery, economic life and economic return. When the private sector owns and operates such assets, there are relatively standard, if sometimes controversial, accounting concepts to...

In their famous book, Democracy in Deficit, James Buchanan and Richard Wagner define the notion of fiscal constitution: Whether they are incorporated formally in some legally binding and explicitly constitutional document or merely in a set of customary, traditional, and widely accepted...

This paper compares and contrasts two debates about the role ofinfrastructure in American economic growth and development. Thecontemporary policy debate revolves around the extent to which theobserved decline in public works investment since 1960, measured asa proportion of GNP, has been a cause...

This paper reviews benefit-cost practices at US agencies. The first issue to be addressed, and the one that provides a conceptual foundation for all that follows, is quot;What do we mean by benefit/cost analysis?quot; and quot;How do we define and measure benefits?quot; After discussing that...

This is a short course on economics based on lecture notes for an MPA class on Public Managerial Economics I taught while on the faculty of the School of Public Administration (and then later the School of Policy, Planning and Development) at the University of Southern California in the late...

This short course is based on lecture notes I developed and used to teach an introductory undergraduate personal finance class at the City University of New York in the mid 2000s. The appendices contain practice exams with answers and other supplementary material

This is a second short course in corporate finance which builds on my first short course, also posted in SSRN. This course is based on notes I used for an advanced undergraduate corporate finance class taught at the City University of New York in the mid 2000s. I have updated, combined, revised...

This short course contains notes I developed and used when I was teaching an undergraduate introductory course on corporate finance at the City University of New York during the mid 2000s. I have compiled, edited and reformatted these notes into this single document for use as reference for...

The socio-cultural and economic distributional impacts of transportation projects are key elements of both individual project decisions and transportation policymaking. One of these dimensions, transportation equity, roughly defined as the relative distribution of benefits and burdens of...