Travel Demand Management and Public Policy by Eric Ferguson

Author:Eric Ferguson [Ferguson, Eric]
Language: eng
Format: epub
Tags: Social Science, General, Sociology
ISBN: 9781351791540
Google: dCpKDwAAQBAJ
Barnesnoble:
Publisher: Routledge
Published: 2018-01-31T02:32:40+00:00

11.1 Institutional factors

It is one thing to adopt road or congestion pricing as a market-based mechanism for allocating scarce public resources such as downtown interstate highway connectors or crowded suburban beltways. This merely requires existing public institutions to act, albeit in a slightly different way than may have been customary for them in the past. It is quite another thing to bring the private sector into the fray as a potential Challenger for the privilege of providing competitively priced highway facilities. The traditional roles of the public and private sectors as providers and consumers of transportation services are brought into question by any such notion.

Challenges to public sector hegemony over transportation infrastructure decisions may take the form of full privatization, partial deregulation, or the formation of public/private partnerships. Privatization is one end of a politicai spectrum that concludes on its other end with state management and control, usually referred to as nationalization in deference to the dominant philosophical ethos concerning politicai economy and governance issues. Deregulation is a much more limited form of privatization, granting the private sector greater operational autonomy without necessarily surrendering public sector control over key assets. Pubhc/private partnerships may be exactly coequal or dominated by one partner or the other to varying degrees.

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