Local public transport has long enjoyed special government protection and mas-sive subsidies. It also plays a special role in transport and environmental policy. With increasing individualization in society, however, the needs of many road and rail user have changed. In a world where the...

There is much debate on how the flow of information between firms should be organized, and whether existing privacy laws should be amended. We offer a welfare comparison of the three main current policies towards consumer privacy anonymity, opt in, and opt out within a two-period model of...