The single largest project under the Irish National Development Plan (NDP) 2007-2013, is the construction of a Metro system. Despite the fact that this is the largest project under the NDP and the government’s transport strategy, Transport 21, no cost benefit analysis on the project has been...

Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio' of 72.6%. We...

This study uses the example of the 2006 soccer World Cup in Germany to examine whether any systematic relationships exist between infrastructure investments on the one hand and investments in the respective stadium on the other. Particular attention is paid to an examination of whether the...

Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritization. In...

Officials from 8 of the 15 states that responded to our survey consider the expedited completion of projects to be the most important benefit of State Infrastructure Banks over the next 5 years. By drawing on diverse sources for funds, more capital can be amassed, thus enabling a project to get...

We pose the problem of managing the interstate as an optimal capital stock problem and define user cost as the charge per vehicle mile travelled that rationalizes observed investments in lane miles and pavement quality. We find that user cost is the sum of the opportunity cost of lane miles,...

The single largest project under the Irish National Development Plan (NDP) 2007-2013, is the construction of a Metro system. Despite the fact that this is the largest project under the NDP and the government's transport strategy, Transport 21, no cost benefit analysis on the project has been...

We introduce a Bayesian hierarchical regression model that extends the traditional least-squares regression model used to estimate gravity or spatial interaction relations involving origin-destination flows. Spatial interaction models attempt to explain variation in flows from n origin regions...