Open AccessInfrastructure policy: Basic design options
Author(s) -
Michael Klein
Publication year - 2017
Publication title -
journal of infrastructure, policy and development
Language(s) - English
Resource type - Journals
eISSN - 2572-7931
pISSN - 2572-7923
DOI - 10.24294/jipd.v1i2.77
Subject(s) - hierarchy , function (biology) , public policy , business , public economics , economics , industrial organization , management science , market economy , evolutionary biology , biology , economic growth
The paper lays out basic design options for infrastructure policy. It first sketches mechanisms to assess 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 structurechoices. 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 the so-called public-private partnerships, their uses and pitfalls.