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Financing Infrastructure Over Time

Author

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  • David Levinson

    (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)

Abstract

This paper investigates the problem of financing infrastructure over time when the number of users also changes. The problem is confronted in many fast-growing communities that need to coordinate the timing of infrastructure and development, yet still achieve economies of scale where they exist. The temporal free-rider problem is defined, whereby the group that finances the construction at a given time is not identical with the group that uses it. The continuous recovery method, which effectively establishes a property rights framework for infrastructure, is described. Continuous recovery enables existing residents to be appropriately compensated by new residents, independent of the number of new residents who ultimately arrive. The system is illustrated and compared with practice in a case that uses a noncontinuous cost recovery system.

Suggested Citation

  • David Levinson, 2001. "Financing Infrastructure Over Time," Working Papers 200101, University of Minnesota: Nexus Research Group.
    • Handle: RePEc:nex:wpaper:financinginfrastructure
    DOI: http://dx.doi.org/10.1061/(ASCE)0733-9488(2001)127:4(146)
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    File URL: http://hdl.handle.net/11299/179877
    File Function: First version, 2007
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    Citations

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    Cited by:

    1. David Levinson, 2002. "Identifying Winners and Losers in Transportation," Working Papers 200204, University of Minnesota: Nexus Research Group.
    2. Cheol-Joo Cho, 2011. "Paying for expansion versus replacement costs: infrastructure provision for efficient urban growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(1), pages 59-81, February.
    3. Taylor, Brian D. PhD & Kalauskas, Rebecca MA & Iseki, Hiroyuki, 2010. "Addressing Equity Challenges to Implementing Road Pricing," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt83r073fp, Institute of Transportation Studies, UC Berkeley.

    More about this item

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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