The Infrastructure We Ride On

Decision Making in Transportation Investment
Softcover Nachdruck of the original 1. Auflage 2018
ISBN: 978-3-030-09034-0
Verlag: Springer International Publishing

Buch, Englisch, 194 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 281 g

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.

Zielgruppe

Research

Autoren/Hrsg.

Berechman, Joseph

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Geowissenschaften Geographie | Raumplanung Regional- & Raumplanung Verkehrsplanung, Verkehrspolitik
• Sozialwissenschaften Politikwissenschaft Regierungspolitik
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Transport- und Verkehrswirtschaft

Inhaltsverzeichnis

1. Introduction2. Infrastructure Needs and Reality3. The Dubious Status of Formal Project Evaluation Procedures4. Inferior and Unworthy Transportation Mega-Projects5. Inaccuracies in Cost and Demand Forecasts6. Mega-Project History and Decision-Making7. Interest Groups: Advocacy and Opposition8. The Decisive Role of Project Funding9. Overseeing Institutions10. Alternative Decision Criteria: Equity, Economic Development, and Environmental Externalities11. Why Unworthy Mega-Projects?

Über Autor(innen)

Joseph Berechman is the Marvin Kristein Professor in the Department of Economics and Business at the Colin Powell School, the City College of New York, USA. Between 2007 and 2014 he was the department’s chairman. Before coming to CCNY, he was the CN Chair Professor in Transportation and International Logistics at the Sauder School of Business, the University of British Columbia, Canada. Dr. Berechman has consulted on a variety of transportation and urban projects in different countries and has been a principal investigator in several major studies done for the European Union. For the past several years he has been engaged in major cost and investment studies of transportation infrastructure projects in New York and elsewhere. He has published numerous journal papers and six books.