While the number of private infrastructure projects continues to grow, tales of endless delays and exorbitant development costs still scare both developers and governments. The authors show that these costs are related not to project size but to the characteristics of the policy environment. As...

The global private infrastructure industry has experienced rapid growth over the past fifteen years, attracting some 1,700 companies. In the past, infrastructure was generally managed by national single-sector utilities, but technological and regulatory change has allowed companies to cross...

The paper lays out basic design options for infrastructure policy. It first sketches mechanisms to asses demand. Then it sets out a hierarchy of issues starting with choice of market structure followed by conduct regulation. Ownership options are largely a function of market structure choices....

Social impact investors, philanthropists, or corporations pursuing social responsibility try to demonstrate that they are indeed"doing good."This essay classifies the various types of measures that currently exist to capture social and environmental impact in a simple scheme. It argues that...