Title: (PRIVATE AND PUBLIC INVESTMENT IN TRANSPORT): GERMANY
Abstract: because of the high cost of developing transport infrastructure many countries are considering redefining the interface between public and private investment. the author examines whether the provision of transport is a pure public good or a club good. a number of bases for investment and pricing theory are considered including short-term marginal cost theory, the ramsey pricing technique, long-term and dynamic marginal costing. a basic model for transport infrastructure investment and pricing is described including the concept of fairness using the shapley value and nucleolus concept. private and public transport investment in the federal republic of germany is then discussed in detail. the possibility of attracting more private capital to finance transport investment is examined and a number of techniques suggested. it is concluded that because europe's transport systems involve networks to a great extent there is unlikely to be any change from public funding. scope for privatisation may lie with the operation of transport systems. for the covering abstract of the round table see irrd 847852.
Publication Year: 1990
Publication Date: 1990-01-01
Language: en
Type: article
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