The Infrastructure We Ride On: Decision Making in Transportation Investment - Hardcover

Berechman, Joseph

 
9783319746050: The Infrastructure We Ride On: Decision Making in Transportation Investment
Hardcover
ISBN 10: 3319746057 ISBN 13: 9783319746050
Publisher: Palgrave Macmillan, 2018

Synopsis

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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About the Author

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.

From the Back Cover

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.

"About this title" may belong to another edition of this title.

Publisher
Palgrave Macmillan
Publication date
2018
Language
English
ISBN 10 
3319746057
ISBN 13 
9783319746050
Binding
Hardcover
Edition number
1
Number of pages
209

Other Popular Editions of the Same Title

9783030090340: The Infrastructure We Ride On: Decision Making in Transportation Investment

Featured Edition

ISBN 10:  3030090345 ISBN 13:  9783030090340
Publisher: Palgrave Macmillan, 2019
Softcover