Journal of transport economics and policy · 1991 · 46 citations · 5 references
Public AffairsPublic AdministrationPublic ManagementPublic InvestmentTransport PlanningTransportation PolicyBureaucratic BehaviorInfrastructure InvestmentInfrastructure ManagementPublic Investment ManagementPublic Sector Decision-makingTransportation EconomicsExplanatory Case StudyGovernment Investment PlanningMunicipal BureaucracyParticipation In Public Decision-makingPublic Policy Decision-makingReasons In Planning DecisionsRepresentative Bureaucracy
The problem of setting a socially relevant ranking of investment projects in the presence of budgetary restrictions and incomplete information is examined. An actual road investment programme, settled under these conditions, is analysed. Observed behaviour is shown to be only partially compatible with social welfare maximising principles.
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