In the face of capacity disruptions (due, for example, to traffic incidents or poor weather), information provision and …-dependent congestion pricing and habitual stateindependent pricing, and three information provision regimes: no information, perfect … information and imperfect information. We find that, without information provision, the habitual toll equals the expected MEC …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

We develop a novel argument why better public information can help countries to insure against idiosyncratic risk … and engage in risk-sharing contracts with limited enforceability. Better public information has two opposite effects …). Second, it mitigates the adverse selection problem resulting from private information which improves risk sharing. We find …

with the adoption of information and communication technology. The simulations produce a differential response to the …