Projects of the two new railway transalpine tunnel of Frejus and Gothard have similar technical characteristics: an identical length (57 km), a similar cost (10 billion Euros) and the existence of a highway along the same Alpine corridor. But, whilst the new Gothard is now under construction and...

The assessment of infrastructure investments is often affected by inaccuracy in traffic forecasting, optimism bias and overvaluation of expected benefits. In general, even when such misrepresentation is not strategically introduced by proponents to push their projects, valuators and decision...

In the last 20 years light rail and tramway schemes have been introduced in many European cities. The effects of these schemes over public transport patronage, and the benefits they have generated, seem to have sometimes been overestimated. The availability of some experiences helps in deriving...

We study congestion pricing by a government that has redistributive concerns, in the presence of optimal income taxation. Individuals differ in (unobservable) earning ability and consumption technology for commodities using a congestible network (e.g. roads, Internet). We find, assuming...

This study employs spatial panel techniques to examine determinants of regional allocation of infrastructure investment made by the central government. Using a sample of 31 Chinese provinces over the 2001-2008 period, we derived four major empirical findings. First, there exist substantial...

The paper examines marketing patterns when interest and storage loss rates are greater in rural zones, representing informal sector storage usually on-farm, than in urban zones, representing formal sector storage off-farm. Empirical results indicate that divergences in interest and storage loss...

This paper considers whether Texas should serve as the economic policy model for Oklahoma, particularly in terms of reducing or eliminating the state income tax. I compare Oklahoma’s recent economic performance to that of Texas and other adjacent states. Comparisons are made at both the state...

Abstract The financial market is a subset of assets market. Its efficiency is very important for economic development, functioning as a screening institution for investments. The property sector is another group, comprising urban land. Urbanization is unavoidable, but very important for...

This paper presents a conceptual analysis of terms belonging to the semantic field of state restructuring. The analysis aims to critically reviewing different terms focusing the attention both to the definitional and to the measurement sides. Different “types of decentralisation” are...

4e paper researches financial history of Brod-Posavlje, the extent of economic development and its influence on financial sector from the middle of 18th century to the middle of 20th century. What we deal with are four most important institutions in the segments of the economic and later...