What is the purpose and effect of non-compete clauses in infrastructure privatization contracts? Can we expect infrastructure privatization to achieve efficienc

Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in wea

New York could have had a practical and profitable subway in operation by the 1870s—financed entirely by the private sector—had franchise terms been as libe

Why does New York City have a subway system, and why does it have such an unusual design? Railroad engineers developed its bold and ambitious design in 1891 for