Should projects funded with taxpayer money be discounted at a lower rate than privately funded projects? I analyze the discount rate applied to long-term cash flows in public (in-house) versus private (contracting out) provision of public goods subject to regulatory burdens. I develop a model...

We assembled a large panel of project-level technical and financial data, as well as country-level economic, institutional, and political variables to assess how political competition and policy insulation feasibility determine private participation in financing infrastructure in emerging...

Latin America loses about nine trillion cubic meters of water each year, or some 30 percent of the water collected and treated for public consumption. While it is impossible for water systems to deliver 100 percent of their water to the household tap, Latin America could cut those losses by more...

Latin America loses about nine trillion cubic meters of water each year, or some 30 percent of the water collected and treated for public consumption. While it is impossible for water systems to deliver 100 percent of their water to the household tap, Latin America could cut those losses by more...