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The Infrastructure We Ride On

Decision Making in Transportation Investment

Authors: Berechman, Joseph

  • Explains the underlying process leading to the selection of inferior or unworthy transportation infrastructure mega-projects
  • Relies on an economic analysis of empirical data sets and cases
  • Recommends measures to be taken to improve mega-project decision-making from an economic and institutional perspective
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eBook $99.00
price for USA in USD (gross)
  • ISBN 978-3-319-74606-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA in USD
  • ISBN 978-3-319-74605-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope (“mega-projects”) reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.

About the authors

Joseph Berechman is the Marvin Kristein Professor in the Department of Economics and Business at the Colin Powell School, the City College of New York, USA. Between 2007 and 2014 he was the department’s chairman. Before coming to CCNY, he was the CN Chair Professor in Transportation and International Logistics at the Sauder School of Business, the University of British Columbia, Canada. Dr. Berechman has consulted on a variety of transportation and urban projects in different countries and has been a principal investigator in several major studies done for the European Union. For the past several years he has been engaged in major cost and investment studies of transportation infrastructure projects in New York and elsewhere. He has published numerous journal papers and six books.

Table of contents (11 chapters)

  • Introduction

    Berechman, Joseph

    Pages 1-7

  • Infrastructure Needs and Reality

    Berechman, Joseph

    Pages 9-18

  • The Dubious Status of Formal Project Evaluation Procedures

    Berechman, Joseph

    Pages 19-34

  • Inferior and Unworthy Transportation Mega-Projects

    Berechman, Joseph

    Pages 35-49

  • Inaccuracies in Cost and Demand Forecasts

    Berechman, Joseph

    Pages 51-80

Buy this book

eBook $99.00
price for USA in USD (gross)
  • ISBN 978-3-319-74606-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA in USD
  • ISBN 978-3-319-74605-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Infrastructure We Ride On
Book Subtitle
Decision Making in Transportation Investment
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-74606-7
DOI
10.1007/978-3-319-74606-7
Hardcover ISBN
978-3-319-74605-0
Edition Number
1
Number of Pages
XV, 194
Number of Illustrations and Tables
9 b/w illustrations
Topics