Joint investment on resilience of cross-country transport infrastructure

• Published in: Transportation research. Part A, Policy and practice Vol. 166; pp. 406 - 423
• Main Authors: Zheng, Shiyuan, Chen, Xirong, Dong, Kangyin, Wang, Kun, Fu, Xiaowen
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.12.2022
• Subjects: Cross-country; Intermodal competition; Non-verifiability; Principal-agent model; Resilience; Transport infrastructure; Non-verifiability; Intermodal competition; Principal-agent model; Cross-country; Transport infrastructure; Resilience

•We examine the joint resilience investment on the cross-country transport infrastructure.•The first-best outcomes can be achieved if the resilience investment is verifiable.•The non-verifiability leads to a downward distortion on investment under higher disruption.•The first-best outcomes can still...