Privatizing Transportation Systems

Synopsis

Privatization began in the 1970s with Carter's deregulation of some business, and increased with the Thatcher administration in the United Kindgom, the Reagan administration in the United States, and many communist and socialist countries. One area of concern in privatization is transportation--airports, water ports, roads, and mass transit. Privatization can be implemented in financing, construction, operation, and maintenance of the transportation system, the main motives being the belief that the private sector can be more efficient than the public sector, and because public funds are becoming less plentiful for a variety of reasons. These original essays, contributed by a distingushed group that includes the 1996 Nobel Prize in Economics co-recipient William Vickrey, focus on ideas and innovations for expanding the private role in transportation.

Additional information

Includes content by:
  • Paul Seidenstat
  • Gary W. Bowman
  • Yuval Cohen
  • William H. Payson
  • Steven A. Steckler
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 1996