A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Where and when to invest in infrastructure
This paper analyzes an irreversible "where-and-when" investment decision, in which a government must decide not only when to invest in income-increasing infrastructure but also where to make the investment, doing so under imperfect observability of the investment gains. The two models considered in the paper differ in the source of the imperfection. In the signal model, the imperfection comes from imperfect observability of initial income gains from the investment, while in the option model, it comes from the stochastic nature of the income gains in the second period. In addition to providing the first treatment of this type of problem, the analysis shows that the influences of underlying parameters on whether or not the government waits to invest are similar in the two models.
Where and when to invest in infrastructure
This paper analyzes an irreversible "where-and-when" investment decision, in which a government must decide not only when to invest in income-increasing infrastructure but also where to make the investment, doing so under imperfect observability of the investment gains. The two models considered in the paper differ in the source of the imperfection. In the signal model, the imperfection comes from imperfect observability of initial income gains from the investment, while in the option model, it comes from the stochastic nature of the income gains in the second period. In addition to providing the first treatment of this type of problem, the analysis shows that the influences of underlying parameters on whether or not the government waits to invest are similar in the two models.
Where and when to invest in infrastructure
Jan K Brueckner (author) / Pierre M Picard
2015
Article (Journal)
English
Sharing Reasoning Behind Individual Decisions to Invest in Joint Infrastructure
| DOAJ | 2019
Overall Plan for Copper-Fiber Infrastructure Switchover: Why, Where, and When
| Online Contents | 2015
Overall Plan for Copper-Fiber Infrastructure Switchover: Why, Where, and When
| British Library Online Contents | 2015
What Motivates Local Governments to Invest in Critical Infrastructure? Lessons from Chile
| DOAJ | 2018