This time is different

Hoisted from the comments. Jarrett at Human Transit writes



You write: The idea of profitability is nonsense. If this were to be private, following the history of most transportation infrastructure investments, the first generation of investors are likely to be wiped out in bankruptcy.

If this is indeed the history of transport infrastructure investments (and recent fiascos here in Australia bear you out) why do these projects continue to find investors?

That is an interesting question. I cannot explain the irrationality of markets, but I would refer you to some excellent papers by my friend and colleague (and mathematican and transport and internet historian) Andrew Odlyzko

David Levinson

Network Reliability in Practice

Evolving Transportation Networks

Place and Plexus

The Transportation Experience

Access to Destinations

Assessing the Benefits and Costs of Intelligent Transportation Systems

Financing Transportation Networks

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This page contains a single entry by David Levinson published on May 8, 2010 6:16 AM.

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