Klein, Michael2013-01-042013-01-042012-11https://hdl.handle.net/10986/12119The 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.en-USCC BY 3.0 IGOAIRPORTSARBITRAGEASSET PRICEASSETSAUCTIONAUCTIONSAVERAGE COSTSAVERAGE PRICEBALANCE SHEETBALANCE SHEET FINANCEBANKRUPTCYBENCHMARKBENCHMARKINGBENCHMARKSBENEFITS OF COMPETITIONBIDDINGBONDSBUDGET CONSTRAINTSBULK WATERCAPITAL MARKETCAPITAL MARKETSCASH FLOWCELLULAR SUBSCRIPTIONSCOMMERCECOMPETITIVE MARKETSCOMPETITIVENESSCONCESSIONSCONFLICTS OF INTERESTCONSUMER PRICESCONSUMER SURPLUSCONSUMERSCONTRACTUAL ARRANGEMENTSCORPORATE FINANCECOST OF CAPITALCOST OF FINANCECOST OF SERVICECOST RECOVERYCREDIT CONSTRAINTSCURRENCYDEBTDEBT SERVICEDEREGULATIONDEVELOPING COUNTRIESDEVELOPING ECONOMIESDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDEVELOPMENT STRATEGYECONOMIC EFFICIENCYECONOMIC PERFORMANCEELECTRICITY GENERATORSELECTRICITY PRICESELECTRICITY SECTORELECTRICITY SYSTEMSENTRY BARRIERSFAIRFINANCIAL CRISISFINANCIAL ENGINEERINGFINANCIAL MARKETSFINANCIAL RISKFINANCIAL TRANSACTIONFISCAL CONSTRAINTSFISCAL DEFICITFOREIGN MARKETFORMS OF OWNERSHIPFRANCHISE AREAFREE ENTRYFUTURE PRICESGDPGENERATIONGENERATORSGOVERNMENT BORROWINGGOVERNMENT BUDGETGOVERNMENT DEBTGOVERNMENT FUNDSGOVERNMENT SUBSIDIESGROWTH THEORYHOUSING FINANCEHUMAN RIGHTILLIQUID ASSETINCOMEINCUMBENT FIRMSINCUMBENT PROVIDERINCUMBENT PROVIDERSINFLATIONINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTINFRASTRUCTURE POLICYINFRASTRUCTURE PROJECTINFRASTRUCTURE PROJECTSINFRASTRUCTURE PROVISIONINFRASTRUCTURE SECTORINFRASTRUCTURE SERVICE PROVIDERSINFRASTRUCTURE SERVICESINITIAL PRICEINSURANCEINSURERINTEREST RATESJURISDICTIONJURISDICTIONSLEGAL FRAMEWORKLEGAL PROTECTIONLEGAL SYSTEMSLEVEL OF COMPETITIONLIQUIDITYLOWER PRICESMANAGEMENT CONTRACTSMARGINAL COSTMARGINAL COST PRICINGMARGINAL COSTSMARKET FORCESMARKET PRICEMARKET PRICESMARKET RISKMARKET SEGMENTMARKET SHAREMARKET STRUCTUREMARKET STRUCTURESMARKET VALUEMOBILE PHONEMOBILE PHONESMONOPOLIESMONOPOLYMONOPOLY FRANCHISEMONOPOLY POSITIONMONOPOLY POWERMONOPOLY PRICEMONOPOLY PRICESMONOPOLY PROVIDERMONOPOLY PROVIDERSMONOPOLY PROVISIONNATURAL MONOPOLIESNATURAL MONOPOLYNETWORK INFRASTRUCTURENEW PRODUCTOPEN ACCESSOPPORTUNITY COSTPAYMENT MECHANISMPENSIONPENSION FUNDSPERFORMANCE CONTRACTSPOLITICAL RISKPOLITICAL RISKSPOLITICAL SYSTEMSPORTSPOWER COSTSPOWER SECTORPOWER SYSTEMSPRICE CAPPRICE CEILINGPRICE COMPETITIONPRICE DISCRIMINATIONPRICE LEVELPRICE LEVELSPRICE REDUCTIONSPRICE REGULATIONPRICE REVIEWPRICE SETTINGPRICE STRUCTURESPRICING POLICYPRICING PRINCIPLESPRICING SCHEMESPRIVATE FINANCEPRIVATE INFRASTRUCTUREPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE PROPERTYPRIVATE PROVIDERSPRIVATE-PUBLIC PARTNERSHIPSPRIVATIZATIONPRIVATIZATIONSPROPERTY RIGHTSPUBLIC FINANCEPUBLIC SECTORPUBLIC UTILITIESPUBLIC-PRIVATE PARTNERSHIPPUBLIC-PRIVATE PARTNERSHIPSPURCHASINGPURCHASING POWERRATE OF GROWTHRATE OF RETURNREAL ESTATEREGULATORREGULATORSREGULATORY AUTHORITIESREGULATORY BODYREGULATORY CAPITALREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY REGIMEREGULATORY SYSTEMREPUTATIONRESIDENTIAL PRICESRETAILRETAIL CUSTOMERSRETAIL PRICESRETURN REGULATIONRISK PREMIUMROAD SYSTEMSALESALESSERVICE PROVIDERSERVICE PROVIDERSSHADOW TOLLSSMALL ENTREPRENEURSSOCIAL COSTSPREADSUPPLIERSSURPLUSSUSTAINABLE DEVELOPMENTTAKEOVERTAXTAX REVENUESTAXATIONTELECOMMUNICATIONSTELECOMMUNICATIONS REGULATIONTOLLTOLL ROADSTRANSACTION COSTSTRANSPARENCYTREASURYUNIVERSAL ACCESSURBAN DEVELOPMENTURBANIZATIONVALUATIONWATER PRICESWATER SERVICESWATER TARIFFSWATER UTILITIESWEALTHWorld Bank10.1596/1813-9450-6274