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Privatization and Regulation of Transport Infrastructure
The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.
Privatization and Regulation of the Seaport Industry
Containerized shipping has brought profound changes to maritime transport, including a shift from labor-intensive to more capital-intensive activities. Revising the traditional organization of seaports everywhere will prepare ports for a more competitive market and less financial dependence on governments.
The Role of Trust in Financial Sector Development
How does incomplete trust shape the transaction costs in trading assets? And how does it affect resource allocation and pricing decisions from rational, forward-looking agents?
Making Global and Local Connections
This book provides a series of case studies concerning ports and port communities from around the world, in attempt to determine the impact of globalisation on the port industry and the link between local and global port conditions. It also presents the case for the absolute necessity of ports and port systems to trade and industry on a global scale. The book is comprised of ten essays, the first six of which concern local issues in a rapid globalising industry. The second section contains the remaining four essays, which consider port systems from national perspectives.
Managing Risks of Capital Mobility
Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to improve insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security.
A Primer on Efficiency Measurement for Utilities and Transport Regulators
Annotation Options and guidelines for measuring the efficiency of recently privatized utilities (electricity, gas, water, sewerage, telecommunications, airports, ports, rail).
The Economics and Politics of High-speed Rail
The technological revolution linked to high speed rail (HSR) has been accompanied by myths and claims about its contribution to society and the economy. Although HSR is unquestionably a technological advance that has become a symbol of modernity, this review and analysis of the international experiences shows that the conditions necessary to have a positive impact, economically, socially and environmentally, are enormously restrictive. The Economics and Politics of High Speed Rail: Lessons from Experiences Abroad, by Daniel Albalate and Germ Bel, introduces the main questions policy makers and scholars should examine when considering and studying HSR implementation, with particular emphasis ...
Introduction to Cost–Benefit Analysis
This thoroughly updated second edition incorporates key ideas and discussions on issues such as wider economic impacts, the treatment of risk, and the importance of institutional arrangements in ensuring the correct use of technique. Ginés de Rus considers whether public decisions, such as investing in high-speed rail links, privatizing a public enterprise or protecting a natural area, may improve social welfare.
Can No Antitrust Policy be Better Than Some Antitrust Policy?
Partial antitrust policy may lead to less competitive market structures than the total absence of such policy. There may sometimes even be a case for the government providing incentives for particular forms of merger.
