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Infrastructure Policy: Basic Design Options

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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