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National Crime Victimization Surveys, I proxy these higher costs by victim’s education and income, relationship to the …
Persistent link: https://www.econbiz.de/10011259922
This brief paper derives the value of headway, i.e. the time interval between departures, for a scheduled service. It … presents a consistent framework in which users have scheduling costs, time costs and planning costs. The model represents both … in marginal costs is the value of time multiplied by half the headway. …
Persistent link: https://www.econbiz.de/10005260259
hypothetical corridor, it is shown that ignorance of operating cost savings can lead to upward bias in the threshold value of time …
Persistent link: https://www.econbiz.de/10005623437
, economic growth takes place using two inter-connected phenomena: (a) reduction in time necessary to produce “the set of goods … currently consumed” (first form of value depreciation) and (b) using the free time to produce additional goods, as a result of … to the “degree of poverty". The importance of time is stressed, as well as the interconnection between the free time in …
Persistent link: https://www.econbiz.de/10011260254
stressed, as well as the interconnection between the free time in natural economy and savings in modern money economy. The …, economic growth takes place using two inter-connected phenomena: a) reduction in time necessary for “the set of benefits (goods …) currently consumed” to be produced, on the one hand (first form of values devaluation) and b) using the free time to produce …
Persistent link: https://www.econbiz.de/10011257858
If A is better than B and B is better than C, then A is better than C, right? Larry Temkin and Stuart Rachels say: No! Betterness is nontransitive, they claim. In this paper, I discuss the central type of argument advanced by Temkin and Rachels for this radical idea, and argue that, given this...
Persistent link: https://www.econbiz.de/10011107850
time. When they are complementary, and if the conscious is not sensitive to unconscious' messages, the unconscious may …
Persistent link: https://www.econbiz.de/10011258738
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more...
Persistent link: https://www.econbiz.de/10009652930
The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …
Persistent link: https://www.econbiz.de/10009418485
supports the widening of the notion of rationality to multi-rationnality in interaction. …
Persistent link: https://www.econbiz.de/10009647450