Infrastructure Policy: Basic Design Options, Michael Klein, November 1, 2012, World Bank Policy Research Working Paper No. 6274
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.”
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