Infrastructure: The Social Value of Shared Resources, by Brett M. Frischmann devotes much needed attention to understanding how society benefits from infrastructure assets and how management decisions have an effect on all kinds of interests.
Infrastructure resources are the topic of many contentious public policy debates, including what to do about crumbling roads and bridges, whether or not and how one can shield our pure environment, power coverage, even patent law reform, common health care, network neutrality regulation and the future of the Internet.
Each of these involves a battle to regulate infrastructure resources, to ascertain the terms and circumstances under which the public receives access, and to find out how the infrastructure and numerous dependent systems evolve over time.
Infrastructure: The Social Value of Shared Resources links infrastructure, a selected set of resources outlined when it comes to the manner in which they create value, with commons, a useful resource management precept by which a resource is shared inside a community. The infrastructure commons ideas have broad implications for scholarship and public policy across many fields ranging from conventional infrastructure like roads to environmental economics to mental property to Web policy.
Economics has turn into the methodology of alternative for many students and policymakers in these areas. The book gives a rigorous economic challenge to the prevailing wisdom, which focuses totally on issues associated with ensuring ample supply.
The writer explores a set of questions that, once asked, seem obvious: what drives the demand facet of the equation, and how should demand-facet drivers affect public policy? Demand for infrastructure assets includes a variety of necessary issues that bear on the optimal design of a regime for infrastructure management.
The book identifies useful resource valuation and attendant management issues that recur across many alternative fields and many alternative resource sorts, and it develops a functional economic strategy to understanding and analyzing these problems and potential solutions.
Infrastructure: The Social Value of Shared Resources [Hardcover]
Brett M. Frischmann
Oxford University Press, USA