This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational...

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...

What is asset management? How do road administrations achieve an integrated approach to asset management? How does this differ from the management of individual assets? What are the implications for data collection and management? What does it mean for road administrations and road sector...

On the surface there is agreement, sustainable development refers to a broad set of issues, going beyond the relationship between the economy and the environment to encompass human and social concerns. Scratch the surface and you open a Pandora's box of differing notions of sustainability and...

Significant changes in the structure of the telecommunication market have occurred since the introduction of competition in the sector. Now, companies are competing in all market segments and more importantly, competition is developing between companies, which use different network platforms...

This Round Table is one of a series of research events to discuss tools to improve transport planning. It addressed the macroeconomic effects of transport infrastructure policies, and aimed at identifying analytical and empirical tools that could determine the overall volume of public...