Preferences for transport activities are often considered only in terms of time and money. Whilst congestion in automobile traffic increases costs by raising trip durations, the same is less obvious in public transport (PT), especially rail-based. This has lead many economic analyses to conclude...

Unmanned aerial vehicles (UAVs, or “drones”) can bring a powerful lifesaving capability to medical situations in which time is critical. Eventually, drones may also bring efficiency and cost savings to nonurgent medical situations. In some places, such as Rwanda and Ghana, UAVs are already...

This article aims at applying the Analytical Hierarchy Process (AHP) with PESTEL Analysis to quantitatively conduct an industry analysis. The public airports, under operations of the Department of Airports, located in the local and regional parts of Thailand is employed as a case study. By...

This paper applies principles of transition to land tenure and squatting in South Africa. Political transition in South Africa reassigned political property rights, thereby contriving contestable, rentseeking incentives for squatting as a means to privatise land and redistribute wealth....

Preferences for transport activities are often considered only in terms of time and money. Whilst congestion in automobile traffic increases costs by raising trip durations, the same is less obvious in public transport (PT), especially rail-based. This has lead many economic analyses to conclude...

The economic effects of federalism are unclear: some papers find that federalism has strong positive effects on a number of economically relevant variables, others find negative effects. The results often crucially hinge upon the proxies for federalism used. In this paper, we critically survey...

We construct and estimate an economic model of religious giving. We employ a dynamic consumer optimization model with mortality in which intra-temporal utility stems from both consumption and religious contributions. Individuals also decide how to allocate resources between religious...

This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models. We augment a standard real business cycle tax model by allowing for varying levels of government partisanship and competence in order to replicate two important...

This paper discusses design errors in public pension systems, using Hungary as an illus-tration. When the communist political and economic system was replaced by democracy and market economy, the subsequent governments had even greater difficulties in designing consistent pension reforms than...

The recent surge in competition between state and private firms in global markets calls for a reflection on how to minimise any potentially distortionary effects on international trade and investment created by state enterprises while at the same time restraining any undue protectionist policy...