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Record W2555891983

FROM FREE TO PRICED INFRASTRUCTURE: U.S. ROADS AND THE INVESTMENT PUBLIC-PRIVATE PARTNERSHIP

2014· article· en· W2555891983 on OpenAlexaboutno aff
R. Richard Geddes, Dimitar N. Nentchev

Bibliographic record

Venuenot available
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic and Environmental Valuation
Canadian institutionsnot available
Fundersnot available
KeywordsLeaseFinanceBusinessRevenueTollInvestment (military)Sovereign wealth fundDividendEconomicsAlternative investmentMicroeconomicsMarket liquidityIncentive
DOInot available

Abstract

fetched live from OpenAlex

Much of microeconomics focuses on price system operation since prices are critical for allocating the demand for and the supply of goods and services. However, the use of major U.S. infrastructure assets remains un-priced (or “free”). Moving to priced provision has redistributive effects that can halt its implementation. Despite severe environmental harms from un-priced transportation infrastructure, economists have offered surprisingly few strategies for addressing such objections, even though pricing creates additional wealth that can help compensate potential losers. We describe a novel approach that relies on basic property laws to enhance the appeal of shifting from un-priced to priced road transportation services. Pricing of previously free road services allows value embedded in that infrastructure to be released. Value can be realized immediately through upfront concession lease payments offered by private operating companies in exchange for receiving the toll revenue from newly priced roads. We propose preserving a portion of the added wealth generated by pricing in a pubic permanent fund and distributing dividends from the fund’s investment income to the infrastructure’s citizen-owners. Dividends mitigate the redistributive effects of pricing and thus facilitate its adoption. Permanent funds are currently used in Alaska, Alberta, Texas, Norway and many other jurisdictions to preserve natural resource wealth. They can be innovatively applied to encourage road pricing, which mitigates a variety of environmental harms.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.053
Threshold uncertainty score0.104

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0020.002
Scholarly communication0.0060.004
Open science0.0000.002
Research integrity0.0040.003
Insufficient payload (model declined to judge)0.0080.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.058
GPT teacher head0.197
Teacher spread0.139 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2014
Admission routes1
Has abstractyes

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