The Infrastructure We Ride On Decision Making in Transportation Investment /

• Main Author: Berechman, Joseph (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2018.
• Edition: 1st ed. 2018.
• Subjects: Public finance.; Public policy.; Public Economics.; Public Policy.

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...

Table of Contents:

• 1. Introduction
• 2. Infrastructure Needs and Reality
• 3. The Dubious Status of Formal Project Evaluation Procedures
• 4. Inferior and Unworthy Transportation Mega-Projects
• 5. Inaccuracies in Cost and Demand Forecasts
• 6. Mega-Project History and Decision-Making
• 7. Interest Groups: Advocacy and Opposition
• 8. The Decisive Role of Project Funding
• 9. Overseeing Institutions
• 10. Alternative Decision Criteria: Equity, Economic Development, and Environmental Externalities
• 11. Why Unworthy Mega-Projects?.