Our troubled highway system -- How the private sector is reinventing America's freeways -- Where America's 20th-century highway model came from -- The rediscovery of toll road companies overseas -- Toll concessions return to America -- The benefits of long-term P3 concessions -- Critics and...

A main problem in the decision-making of major infrastructure projects is the high level of misinformation about costs decision-makers face in deciding whether to build the project. Reduced public funds and misallocation thereof were the main reasons for the revival of private financing in...