1991•Journal of Transport Economics and PolicyRequires access

Investment Decisions In a Public Bureaucracy: A Case Study of Swedish Road Planning Practices

Jan-Eric Nilsson

Abstract

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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Key concepts: Bureaucracy, Investment (military), Public transport, Public investment, Business, Transport engineering, Economics, Public economics