Infrastructure policy: basic design options

Michael Klein

No 6274, Policy Research Working Paper Series from The World Bank

Abstract: The paper lays out basic design options for infrastructure policy. It first sketches mechanisms to asses demand. Then it sets out a hierarchy of issues starting with choice of market structure followed by conduct regulation. Ownership options are largely a function of market structure choices. The implications for finance -- the topic of much day-to-day discussion in infrastructure policy-making -- follow from these various prior choices. The discussion naturally circumscribes the role for so-called public-private partnerships -- their uses and pitfalls. Annexes provide checklists for choices of market structure and for diagnosing and benchmarking policies.

Keywords: Markets and Market Access; Economic Theory&Research; Emerging Markets; Infrastructure Economics; Debt Markets (search for similar items in EconPapers)
Date: 2012-11-01
New Economics Papers: this item is included in nep-com and nep-tre
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Citations: View citations in EconPapers (11)

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