The contracting of investment and operation, and the management of infrastructure funding bodies

David Meunier () and Emile Quinet
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David Meunier: LVMT - Laboratoire Ville, Mobilité, Transport - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux - UPEM - Université Paris-Est Marne-la-Vallée - ENPC - École nationale des ponts et chaussées
Emile Quinet: PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Public authorities can make a wide variety of institutional arrangements for the provision and operation of infrastructure. What is the best organisation or, to put it more pragmatically, what are the advantages and drawbacks of the various options? This is the question that the present chapter will address, building on the lessons of principal-agent theory and on the analysis of various situations pertinent to the European context. The creation of an infrastructure agency is discussed, and then various modes of transport are reviewed: motorways, railway tracks and seaports. Some numerical values are derived for parameters used in cost-benefit assessments of infrastructure projects.

Keywords: Investment (search for similar items in EconPapers)
Date: 2007-04
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Citations: View citations in EconPapers (2)

Published in Research in Transportation Economics, 2007, 19 (1), pp.81-109. ⟨10.1016/S0739-8859(07)19004-1⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754236

DOI: 10.1016/S0739-8859(07)19004-1

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