Infrastructure Policy: Basic Design Options

46 Pages Posted: 20 Apr 2016

See all articles by Michael U. Klein

Michael U. Klein

Frankfurt School of Finance and Management; Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

Date Written: November 1, 2012

Abstract

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. The implications for finance -- the topic of much day-to-day discussion in infrastructure policy-making -- follow from these various prior choices. The discussion naturally circumscribes the role for so-called public-private partnerships -- their uses and pitfalls. Annexes provide checklists for choices of market structure and for diagnosing and benchmarking policies.

Keywords: Markets and Market Access, Economic Theory & Research, Emerging Markets, Infrastructure Economics, Debt Markets

Suggested Citation

Klein, Michael U., Infrastructure Policy: Basic Design Options (November 1, 2012). World Bank Policy Research Working Paper No. 6274, Available at SSRN: https://ssrn.com/abstract=2179405

Michael U. Klein (Contact Author)

Frankfurt School of Finance and Management ( email )

Adickesallee 32-34
Frankfurt, 60322
Germany

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) ( email )

1740 Massachusetts Avenue NW
Washington, DC 20036-1984
United States

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