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Infrastructure policy : basic design options
 
Author:Klein, Michael; Collection Title:Policy Research working paper ; no. WPS 6274
Country:World; Date Stored:2012/11/21
Document Date:2012/11/01Document Type:Policy Research Working Paper
Language:EnglishRegion:The World Region
Report Number:WPS6274SubTopics:Markets and Market Access; Economic Theory & Research; Emerging Markets; Debt Markets; Infrastructure Economics
Volume No:1 of 1  

Summary: 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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