Regulating Infrastructure: Monopoly, Contracts, and Discretion

This wide-ranging study of urban infrastructure "offers a series of fascinating arguments" in favor of market-oriented approaches to regulation (Times Higher Education Supplement).

In the 1980s and '90s, many countries turned to the private sector to provide infrastructure and utilities—such as gas, telephones, and highways—with the idea that market-based incentives would control costs and improve the quality of essential services. But high-profile failures have since raised troubling quest...