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Cost-benefit analysis of the high-speed train in Spain
Abstract. The high-speed train is a technological break-through in passenger transport which has allowed to increase railways share in modal split in medium range distances, competing with road andExpand
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Flexible-Term Contracts for Road Franchising
Private participation in road projects is increasing around the world. The most popular franchising mechanism is a concession contract, which allows a private firm to charge tolls to road usersExpand
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Argentina's Transport Privatization and Re-Regulation: Ups and Downs of a Daring Decade-Long Experience
When Argentina initiated reform of its transport sector in 1989, it had few models to follow. It was the first Latin American country to privatize its intercity railroad, to explicitly organizeExpand
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The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?
This paper deals with public investment in High-Speed Rail (HSR) infrastructure and tries to understand the economic rationale for allocating public money to the construction of new HSR lines. TheExpand
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Infrastructure: What Can the Economists Say?
Infrastructures have been traditionally built, maintained and operated by the public sector. Road and railway networks, energy, electricity and water were traditionally designed in public sectorExpand
The effectiveness of the Spanish urban transport contracts in terms of incentives
We consider a principal–agent model in which the regulator faces a moral hazard problem as he cannot observe the effort exerted by public transit operators. In this context, we analyse theExpand
Airport Congestion in EU: More Investment or Better Pricing?
Airport congestion has been generally dealt in the literature in a similar fashion as road congestion. However, the phenomenon is quite different, because entry at airports is not random. FlightExpand
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Planning, Evaluation and Financing of Transport Infrastructures: Rethinking the Basics
Abstract This paper revises some of the common views on transport infrastructure investment and proposes alternative ways to achieve a more efficient planning, evaluation and financing of transportExpand
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Evaluating Large Projects When There Are Substitutes: Looking for Possible Shortcuts
This paper discusses how to evaluate a large project when there is a substitute. Expand
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