{"pk":3558,"title":"Privatization of Transportation Investments","subtitle":null,"abstract":"Over the past decade, there has been a wave of public support in many countries for privatization and deregulation in a number of indus­ tries. One of the industries in which privatization is most controversial is urban transportation. In some ways, urban transportation has been the most resistant to privatization, both in the intellectual/theoretical realm and in the political realm. Nevertheless, there is increasing dis­ cussion of privatization to transportation. Recently, the Governor of Massachusetts appointed a task force to study the possibility of privatiz­ ing the maintenance of highways, commuter rail lines, and Boston's Logan Airport (Wall Street journal, May 1, 1991) . There are talks of privatizing the airports of Philadelphia and Los Angeles, and of privatiz­ ing transportation services in other cities. In any case, the arguments for and against privatization are different in many ways for the transpor­ tation sector because of the unique characteristics of urban transporta­ tion markets. Among the special characteristics is the common expecta­ tion that urban transportation, unlike most commodities and services, should operate in order to meet a variety of social goals beyond mere efficiency, including distributional, environmental, and political goals.","language":"en","license":null,"keywords":[],"section":"Essays","is_remote":true,"remote_url":"https://escholarship.org/uc/item/033275vg","frozenauthors":[{"first_name":"Pnina","middle_name":"Ohana","last_name":"Plaut","name_suffix":"","institution":"","department":"None"}],"date_submitted":"2012-07-26T02:00:58+01:00","date_accepted":"2012-07-26T02:00:58+01:00","date_published":"1991-07-25T08:00:00+01:00","render_galley":null,"galleys":[{"label":"","type":"","path":"https://journalpub.escholarship.org/ucb_crp_bpj/article/3558/galley/2315/download/"}]}