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[null,"1.","Record Nr.",null,"UNINA9910299364803321"]
[null,null,"Autore",null,"Berechman Joseph"]
[null,null,"Titolo",null,"The Infrastructure We Ride On : Decision Making in Transportation Investment / / by Joseph Berechman"]
[null,null,"Pubbl/distr/stampa",null,"Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2018"]
[null,null,"ISBN",null,"9783319746067"]
[{"$nulls":4},"3319746065"]
[null,null,"Edizione",null,"[1st ed. 2018.]"]
[null,null,"Descrizione fisica",null,"1 online resource (202 pages)"]
[null,null,"Disciplina",null,"350.86"]
[null,null,"Soggetti",null,"Finance, Public"]
[{"$nulls":4},"Political planning"]
[{"$nulls":4},"Public Economics"]
[{"$nulls":4},"Public Policy"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,"Nota di contenuto",null,"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?."]
[null,null,null,"Sommario/riassunto","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 showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope (\"mega-projects\") reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the "]
[{"$nulls":4},"estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made."]