EconPapers    
Economics at your fingertips  
 

Policy and Planning for Large Infrastructure Projects: Problems, Causes, Cures

Bent Flyvbjerg

Papers from arXiv.org

Abstract: This paper argues, first, that a major problem in the planning of large infrastructure projects is the high level of misinformation about costs and benefits that decision makers face in deciding whether to build, and the high risks such misinformation generates. Second, it explores the causes of misinformation and risk, mainly in the guise of optimism bias and strategic misrepresentation. Finally, the paper presents a number of measures aimed at improving planning and decision making for large infrastructure projects, including changed incentive structures and better planning methods. Thus the paper is organized as a simple triptych consisting in problems, causes, and cures.

New Economics Papers: this item is included in nep-cdm, nep-ppm and nep-tre
Date: 2013-03
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://arxiv.org/pdf/1303.7400 Latest version (application/pdf)

Related works:
Journal Article: Policy and planning for large-infrastructure projects: problems, causes, cures (2007) Downloads
Journal Article: Policy and Planning for Large-Infrastructure Projects: Problems, Causes, Cures (2007) Downloads
Working Paper: Policy and planning for large infrastructure projects: problems, causes, cures (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1303.7400

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().

 
Page updated 2019-05-11
Handle: RePEc:arx:papers:1303.7400