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Trends in Infrastructure Regulation and Financing

International Experience and Case Studies from Germany Edited by Christian von Hirschhausen, Professor of Energy Economics and Public Sector Management, Dresden University of Technology (TU Dresden), and Research Director, DIW Berlin (German Institute for Economic Research), Germany, Thorsten Beckers, Research Associate, Workgroup for Infrastructure Policy (WIP) and Berlin University of Technology (TU Berlin) and Kay Mitusch, Karlsruher Institut für Technologie (KIT), Germany
This book provides a balanced presentation of international trends in infrastructure regulation and financing. Based on recent developments in microeconomic theory, it comprehensively discusses the role of the state and the private sector in infrastructure provision.
Extent: 320 pp
Hardback Price: $156.00 Web: $140.40
Publication Date: 2004
ISBN: 978 1 84376 790 9
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  • Economics and Finance
  • Economic Regulation and Governance
  • Public Sector Economics
  • Politics and Public Policy
  • Public Policy
This book provides a balanced presentation of international trends in infrastructure regulation and financing. Based on recent developments in microeconomic theory, it comprehensively discusses the role of the state and the private sector in infrastructure provision.

As well as a thorough overview of the relevant theoretical issues, the authors carefully examine national experiences of private participation in infrastructure. In particular, they explore sectoral restructuring in the electricity, telecommunications, water and transport sectors. The book includes case studies from both Argentina and the UK, and places a particular focus on Germany which, for a developed country, is a peculiar latecomer in terms of infrastructure sector reform.

Well argued and rich in new insights, this book offers a meticulous and informative analysis of current trends in infrastructure privatization and deregulation. Among the authors are well-known specialists as well as younger researchers who provide a fresh perspective on the issue. The book will be of interest and relevance to researchers, academics, policymakers and international organizations interested in regulation and the modernization of infrastructure both in developed and developing countries.
‘Germany has started late with the deregulation and privatization of its infrastructure networks. This volume helps to clear a pathway to new regimes for the provision and procurement of infrastructure networks to increase efficiency and fairness for the benefit of users and society alike.’
– Werner Rothengatter, University of Karlsruhe and Institute for Economic Policy Research, Germany and President of the World Conference for Transport Research Society

‘Trends in Infrastructure Regulation and Financing covers a broad range of current issues of relevance, in theory as well as in policy and its application, including examples from the transport, electricity, water and telecommunications industries.’
– Jon Stern, Regulation Initiative, London Business School, and NERA, UK
Contributors: T. Beckers, S. Buehler, H. Clausen, A. Eisenkopf, C. Elbing, A. Estache, C. Growitsch, J. Haucap, F. Hubert, K. Kinnunen, S. Klingelhöfer, C. Klingenberg, J. Kruse, A. Liebchen, K. Mitusch, A. Ott, M. Rodriguez-Pardina, M. Rothgang, H. Tegner, R. Vickerman, C. von Hirschhausen, T. Wein
Contents: 1. Introduction Part I: Theoretical and Cross-Sectional Issues 2. Deregulation in Network Industries: A Policy in Search of a Rationale? 3. The Contestable Markets Theory: Efficient Advice for Economic Policy 4. Predatory Pricing in Liberalized Telecommunications Markets 5. Rating of Infrastructure Projects According to Basel II Part II: Infrastructure Policies in Germany: The Gradual Awakening 6. Private Participation in German Infrastructure Provision: Better Late than Never 7. Private Infrastructure Financing: The Case of Terminal Two at Munich Airport 8. Ex-ante vs. Ex-post Regulation in the German Railway Sector 9. Comparable Cost Calculation for Road and Rail Infrastructure 10. Innovations, Sustainability and Efficiency in the German Water Sector: How to Push the Tanker into the Right Direction? Part III: International Case Studies: The UK and Argentina 11. Private Financing of Transport Infrastructure: Some UK Experience 12. Argentina’s 1990s’ Utilities Privatization: Cure or Disease? Part IV: Sectoral Case Studies from the Electricity Sector 13. Governance Mechanisms for the Electricity Market in Argentina: Critical Analysis and International Comparison 14. Electricity Network Regulation: Practical Implementation in the Nordic Countries 15. Cross-subsidies in Russian Electric Power Tariffs: Not as Bad as their Reputation Index