Tag Archives: roads

Quiggin calls for economically sensible road charges in outstanding Colin Clark Lecture

UQ’s Professor John Quiggin was only called upon Wednesday to fill in for an ill Richard Holden at the annual Colin Clark Lecture at Brisbane’s old Customs House yesterday morning, but nonetheless he managed to deliver an outstanding presentation titled: … Continue reading

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Terminating KSD contract probably provides a better return for ratepayers than proceeding

Jim Binney returns to the topic of the controversial $650 million Kingsford Smith Drive upgrade in a new guest post. From an economic point of view, avoiding costs is akin to a benefit. In fact this is the logic that … Continue reading

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What does the sensitivity analysis for KSD upgrade show?

Governments and local councils would be much better off making business cases for public projects such as the $650 million Kingsford Smith Drive upgrade public before they commit to them, so they are tested by the critics and the politicians … Continue reading

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Productivity Commission re-litigates road pricing reform

In situations where demand exceeds supply, a good or service can either be rationed by queuing or rationed by price. Economic theory is clear that it is most efficient to ration by price, as the good or service goes to … Continue reading

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Weekend reading – 15-16 March

The Productivity Commission’s monster of a report on Public Infrastructure, which (rightly) recommends congestion pricing on roads, is worth reading, particularly because of the excellent Chapter 14 in Volume 2 on Social and Economic Regulation. On the costs to business … Continue reading

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