This exploratory paper addresses the driving forces of real estate investment trusts (REITs). Aftera concise overview of the history of REITs in the USA, the success conditions of retail REITsare addressed by investigating the relationship between local retail rents and a set of localexplanatory...

This paper investigates the response of full service carriers (FSCs) to theentry of low-cost carriers (LCCs). We develop a model of airline competition, which accommodates various market structures, some ofwhich include low-cost players. Using data on published airfares ofLufthansa, British...

This paper focuses on the network character of a multimodal transportsystem in which interconnectivity is the key determinant of itsperformance, relative to unimodal transport opportunities. Theemphasis is on the viability of chain mobility in public transport byanalyzing the satisfaction of...