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Street Smart

Competition, Entrepreneurship and the Future of Roads

Gabriel Roth (Redaktør)

The poor health of today's roads--a subject close to the hearts of motorists, taxpayers, and government treasurers around the world--has resulted from faulty incentives that misdirect government decision-makers, according to the contributors to Street Smart. Les mer
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Leveringstid: Sendes innen 21 dager
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Om boka

The poor health of today's roads--a subject close to the hearts of motorists, taxpayers, and government treasurers around the world--has resulted from faulty incentives that misdirect government decision-makers, according to the contributors to Street Smart. During the 1990s, bad government decision-making resulted in the U.S. Interstate Highway System growing by only one seventh the rate of traffic growth. The poor maintenance of existing roads is another concern. In cities around the world, highly political and wasteful government decision-making has led to excessive traffic congestion that has created long commutes, reduced safety, and caused loss of leisure time.

Street Smart examines the privatization of roads in theory and in practice. The authors see at least four possible roles for private companies, beyond the well-known one of working under contract to design, build, or maintain governmentally provided roads. These include testing and licensing vehicles and drivers; management of government-owned facilities; franchising; and outright private ownership. Two chapters describe the history of private roads in the United Kingdom and the United States. Contemporary examples are provided of road pricing, privatizing, and contracting out are evident in environs as diverse as Singapore, Southern California, and Scandinavia, and cities as different as Bergen, Norway, and London, England. Finally, several chapters examine strategies for implementing privatization. The principles governing providing scarce resources in free societies are well known. We apply them to such necessities as energy, food, and water so why not to "road space"? The main obstacle to private, or semi-private, ownership of roads is likely to remain the reluctance of the political class to give up a lucrative source of power and influence.

Those who want decisions about road services to be controlled by the interplay of consumers and suppliers in free markets, rather than by politicians, will have to explain the need for change. Street Smart makes a powerful case for the need for change and sheds light on the complex issues involved. Gabriel Roth is a transport and privatization consultant and a research fellow at the Independent Institute in Oakland, California.

Fakta

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Acknowledgmentxiii
Forewordxv




Mary E. Peters

PART I Introduction




Chapter 1 Why Involve the Private Sector in the Provision of Public Roads?

3(22)




Gabriel Roth

PART II Theory, Arguments, and Ideas




Chapter 2 De-Socializing the Roads

25(18)




John Semmens





Chapter 3 Do Holdout Problems Justify Compulsory Right-of-Way Purchase and Public Provision of Roads?

43(36)




Bruce L. Benson





Chapter 4 The Political Economy of Private Roads

79(18)




David Levinson





Chapter 5 Improving Road Safety by Privatizing Vehicle and Driver Testing and Licensing

97(20)




John Semmens

PART III Improving the Pricing of Roads




Chapter 6 Congestion Pricing: The Singapore Experience

117(24)




Gopinath Menon





Chapter 7 Congested Roads: An Economic Analysis with Twin Cities' Illustrations

141(30)




Herbert Mohring





Chapter 8 Estimating Congestion Prices, Revenues, and Surpluses: An Example from Manila

171(18)




Gabriel Roth and Olegario G. Villoria, Jr.





Chapter 9 HOT Lanes in Southern California

189(36)




Edward C. Sullivan





Chapter 10 How Should the Revenues from Congestion Pricing Be Spent?

225(20)




Kenneth J. Button

PART IV History of Privately Provided Roads




Chapter 11 The Rise and Fall of Non-Government Roads in the United Kingdom

245(32)




Bruce L. Benson





Chapter 12 America's Toll Road Heritage: The Achievements of Private Initiative in the Nineteenth Century

277(28)




Daniel Klein and John Majewski





Chapter 13 Streets as Private-Sector Public Goods

305(22)




Fred E. Foldvary





Chapter 14 Private Roads to the Future: The Swedish Private Road Associations

327(20)




Christina Malmberg Calvo and Sven Ivarsson





Chapter 15 Role of the Private Sector in Managing and Maintaining Roads

347(28)




Gunter J. Zietlow

PART V Roads to Privatization: Getting from Here to There




Chapter 16 New Zealand's Path to a Good Road

375(24)




The Hon. J.K. McLay





Chapter 17 Development of Highway Concessions on Trunk Roads in the United Kingdom

399(24)




Neil Roden





Chapter 18 Commercializing the Management and Financing of Roads

423(28)




Ian G. Heggie





Chapter 19 HOT Networks: A New Plan for Congestion Relief and Better Transit

451(50)




Robert W. Poole, Jr. and C. Kenneth Orski





Chapter 20 The Way Forward to the Private Provision of Public Roads

501(30)




Peter Samuel

About the Editor and Contributors531(4)
Index535

Om forfatteren

Gabriel Roth is a transport and privatization consultant and a research fellow at the Independent Institute in Oakland, California.