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The infrastructure we ride on = decision making in transportation investment /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The infrastructure we ride on/ by Joseph Berechman.
Reminder of title:	decision making in transportation investment /
Author:	Berechman, Joseph.
Published:	Cham :Springer International Publishing : : 2018.,
Description:	xv, 194 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Infrastructure (Economics) - Finance -
Online resource:	http://dx.doi.org/10.1007/978-3-319-74606-7
ISBN:	9783319746067

The infrastructure we ride on = decision making in transportation investment /
Berechman, Joseph.

The infrastructure we ride ondecision making in transportation investment /[electronic resource] :by Joseph Berechman. - Cham :Springer International Publishing :2018. - xv, 194 p. :ill., digital ;24 cm.

1. Introduction -- 2. Infrastructure Needs and Reality -- 3. The Dubious Status of Formal Project Evaluation Procedures -- 4. Inferior and Unworthy Transportation Mega-Projects -- 5. Inaccuracies in Cost and Demand Forecasts -- 6. Mega-Project History and Decision-Making -- 7. Interest Groups: Advocacy and Opposition -- 8. The Decisive Role of Project Funding -- 9. Overseeing Institutions -- 10. Alternative Decision Criteria: Equity, Economic Development, and Environmental Externalities -- 11. Why Unworthy Mega-Projects?.

This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope ("mega-projects") reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.

ISBN: 9783319746067

Standard No.: 10.1007/978-3-319-74606-7doiSubjects--Topical Terms:

1203612
Infrastructure (Economics)
--Finance

LC Class. No.: HC79.C3 / B474 2018

Dewey Class. No.: 363

The infrastructure we ride on = decision making in transportation investment /
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505 0 $a 1. Introduction -- 2. Infrastructure Needs and Reality -- 3. The Dubious Status of Formal Project Evaluation Procedures -- 4. Inferior and Unworthy Transportation Mega-Projects -- 5. Inaccuracies in Cost and Demand Forecasts -- 6. Mega-Project History and Decision-Making -- 7. Interest Groups: Advocacy and Opposition -- 8. The Decisive Role of Project Funding -- 9. Overseeing Institutions -- 10. Alternative Decision Criteria: Equity, Economic Development, and Environmental Externalities -- 11. Why Unworthy Mega-Projects?.
520 $a This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope ("mega-projects") reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.
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