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This paper provides a link between car following theory and the economic theory of road congestion by means of a theory of speed choice. According to this theory speed choice is based on a trade-off between the benefits (shorter travel time) and cost (higher accident risk) of driving faster....
Persistent link: https://www.econbiz.de/10005136858
This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster....
Persistent link: https://www.econbiz.de/10011256744
-anonymous voluntary contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … favor one that argues that competition in the all-pay mechanism crowds out intrinsic motivations to contribute. Second, the …
Persistent link: https://www.econbiz.de/10011255620
contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction … and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory … favor one that argues that competition in the all-pay mechanism crowds out intrinsic motivations to contribute. Second, the …
Persistent link: https://www.econbiz.de/10009003388