A main problem in the decision-making of major infrastructure projects is the high level of misinformation about costs decision-makers face in deciding whether to build the project. Reduced public funds and misallocation thereof were the main reasons for the revival of private financing in...

Es gibt nur wenige vergleichende Studien über reale und geschätzte Kosten derEntwicklung von Verkehrsinfrastruktur. Wo solche Studien vorliegen, beziehen siesich auf Einzelfälle, oder die Stichprobe ist zu klein, um systematische statistische Analysen zuzulassen (Bruzelius et al. 1998,...

The English version of this article can be found at: "http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2278415" http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2278415Die deutsche Version dieses Artikels finden Sie unter: "http://www.ssrn.com/abstract=2278383"...

This paper focuses on problems in megaproject policy and planning and their causes and possible cures. After considerations of methodology, the paper first identifies as a main problem in megaproject development pervasive misinformation about the costs, benefits, and risks involved. A...

Den svenska versionen av den här artikeln hittar du på: "http://www.ssrn.com/abstract=2278279" http://www.ssrn.com/abstract=2278279In what follows I will: (1) Argue that a major problem in megaproject policy and planning is the high level of misinformation about costs and benefits that...

This paper presents results from the first statistically significant study of traffic forecasts in transportation infrastructure projects. The sample used is the largest of its kind, covering 210 projects in 14 nations worth US$58 billion. The study shows with very high statistical significance...

This paper presents results from the first statistically significant study of traffic forecasts in transportation infrastructure projects. The sample used is the largest of its kind, covering 210 projects in 14 nations worth US $58 billion. The study shows with very high statistical significance...

This paper presents results from the first statistically significant study of traffic forecasts in transportation infrastructure projects. The sample used is the largest of its kind, covering 210 projects in 14 nations worth US $58 billion. The study shows with very high statistical significance...

In recent years the subject of decision making on large transport infrastructure projects and related institutional issues have received much attention in the academic and professional literature, partly triggered by the book Megaprojects and Risk (Flyvbjerg et al., 2003). This book shows that...

Most cost-benefit analyses assume that the estimates of costs and benefits are more or less accurate and unbiased. But what if, in reality, estimates of costs and benefits are highly inaccurate and biased? Then the assumption that cost-benefit analysis is a rational way to improve resource...