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Delusion, Deception and Corruption in Major Infrastructure Projects: Causes, Consequences and Cures

In: International Handbook on the Economics of Corruption, Volume Two

Author

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  • Bent Flyvbjerg
  • Eamonn Molloy

Abstract

A companion volume to the International Handbook on the Economics of Corruption published in 2006, the specially commissioned papers in Volume Two present some of the best policy-oriented research in the field. They stress the institutional roots of corruption and include new research on topics ranging from corruption in regulation and procurement to vote buying and private firm payoffs.

Suggested Citation

  • Bent Flyvbjerg & Eamonn Molloy, 2011. "Delusion, Deception and Corruption in Major Infrastructure Projects: Causes, Consequences and Cures," Chapters, in: Susan Rose-Ackerman & Tina Søreide (ed.),International Handbook on the Economics of Corruption, Volume Two, chapter 3, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:14003_3
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    File URL: https://www.elgaronline.com/view/9781849802512.00010.xml
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    References listed on IDEAS

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    1. Daniel Kahneman & Dan Lovallo, 1993. "Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking," Management Science, INFORMS, vol. 39(1), pages 17-31, January.
    2. Bent Flyvbjerg, 2009. "Survival of the unfittest: why the worst infrastructure gets built--and what we can do about it," Oxford Review of Economic Policy, Oxford University Press, vol. 25(3), pages 344-367, Autumn.
    3. Benjamin C. Esty, 2004. "Why Study Large Projects? An Introduction to Research on Project Finance," European Financial Management, European Financial Management Association, vol. 10(2), pages 213-224, June.
    4. Flyvbjerg, Bent, 2005. "Measuring inaccuracy in travel demand forecasting: methodological considerations regarding ramp up and sampling," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(6), pages 522-530, July.
    5. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
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    Cited by:

    1. Cavalieri, Marina & Guccio, Calogero & Rizzo, Ilde, 2017. "On the role of environmental corruption in healthcare infrastructures: An empirical assessment for Italy using DEA with truncated regression approach," Health Policy, Elsevier, vol. 121(5), pages 515-524.

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    Keywords

    Economics and Finance; Law - Academic;

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