We study the reasons and conditions under which mediation is beneficial when a principal needs information from an agent to implement an action. Assuming a strong form of limited commitment, the principal may employ a mediator who gathers information and makes nonbinding proposals. We show that...

This book provides a balanced presentation of international trends in infrastructure regulation and financing. Based on recent developments in microeconomic theory, it comprehensively discusses the role of the state and the private sector in infrastructure provision.