The Infrastructure We Ride On Decision Making in Transportation Inve
This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and re
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Joseph Berechman
The Infrastructure We Ride On Decision Making in Transportation Investment
Joseph Berechman City College of New York University of New York New York, NY, USA
ISBN 978-3-319-74605-0 ISBN 978-3-319-74606-7 (eBook) https://doi.org/10.1007/978-3-319-74606-7 Library of Congress Control Number: 2018936254 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover Design: Fatima Jamadar Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
In memory of my parents
Acknowledgment
I wish to acknowledge the generous financial support for editorial assistance that I have received from Tel Aviv University, Israel. I am also quite grateful to the University Transportation Research Center, Region 2, for their financial support when conducting the basic research for the book. I would like to thank Mrs. Nina Reshef for her painstaking editorial work of the manuscript. Special thanks to Ms. Patrizia Nobbe who did a first-rate job in helping me to build the database, used in this book, and perform statistical tests, which she also used for her dissertation. My research assistant, Mr. Ahmed Elkhouly, did a great job compiling the authors index. Several of my academic colleagues were kind enough to give me useful comments and suggestions on parts of early drafts of the manuscript. In particular, the following colleagues (in alphabetic order) read chapters of the book and provided me with invaluable insights, which I tried to incorporate into the manuscript. These are Professor David Gillen, The Sauder School of Business, University of British Columbia; Professor Genevieve Giuliano, the Price School o
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