Public and private roles in road infrastructure: an exploration of market failure, public instruments and government failure
Overheidsinstrumenten bij wegenvoorziening
Government intervention comes in different forms, such as financial intervention (taxation, subsidies), regulation (price, quality, environmental), and public provision of roads or road services. The analysis of the literature regarding government instruments allows us to establish a correspondence between different forms of market failure and instruments. Several case studies of particular road infrastructure projects are included to illustrate the use of government instruments.