Preference reversal, or choice/reservation-price inconsistency, has been documented experimentally for certain types of lotteries. We argue that the relevance of these findings for real-world markets is uncertain because the type of objects used cannot exist on a market and because the extent to...

Preference reversal, or choice/reservation-price inconsistency, has been documented experimentally for certain types of lotteries. We argue that the relevance of these findings for real-world markets is uncertain because the type of objects used cannot exist on a market and because the extent to...

<title>ABSTRACT</title> The purpose of the paper is to critically evaluate the conceptual distinction between investment and maintenance. The study starts from a number of definitions in the literature and discusses these from the perspective of standard investment theory. The article argues that the standard...

Many infrastructural projects have cost overruns and there has been a lot of research both on why these cost overruns occur and what can be done to reduce cost overruns. Bent Flyvbjerg is the leading researcher in the area and in this article his proposals are also the starting point. Beside a...

One policy that is believed to increase the rate of innovation and the level of productivity is to move from Design-bid-build contracts (DBB) to Design-Build contracts (DB). A common view is that the latter provides the contractor more degrees of freedom to enable innovation. This hypothesis...

Both Sweden and the Netherlands had housing systems that include broad models of municipal housing (Sweden) or social housing (Netherlands). These broad models, however, came under discussion due to the competition policy of the European Commission. Financial government support - state aid - for...