Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In … think drive costs. We then assemble a new dataset of project-level infrastructure costs. We correlate the survey practices …

financial infrastructure shapes how infrastructure investments impact localities …

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several … in building, financing, and operating infrastructure, including limitations of private capital markets, externalities …, and the control of natural monopolies. It then describes the conditions that characterize an optimal infrastructure …

. The model captures several other features prevalent in infrastructure financing such as government co-investment, tax …We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects …

Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners …)--matter? We explore these questions in the context of global airports, which like other infrastructure assets have been privatized …; instead, infrastructure funds improve performance both in privatization and subsequent acquisitions from non-PE private firms …

We investigate the characteristics of infrastructure as an asset class from an investment perspective of a limited … partner. While non U.S. institutional investors gain exposure to infrastructure assets through a mix of direct investments and … private fund vehicles, U.S. investors predominantly invest in infrastructure through private funds. We find that the stream of …

Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual … apparent holdup. We argue that they are used by political incumbents to anticipate infrastructure spending and thereby increase …

infrastructure and institutions. Providing clean water and removing refuse requires water and sewer pipes, but the urban poor are … by a penalty-based system. We present a model that illustrates the complementarity between infrastructure and …