This paper presents eight empirical models of monthly ridership for seven U.S. Transit Authorities. Within the framework of these models, the impacts upon monthly ridership from changes in the real fare and gasoline prices are examined. Important findings are: (1) the elasticities of monthly...

The level of public borrowing plays a central role in UK government policymaking, especially in the run-up to each Budget. Accurate forecasts of the overall fiscal stance are crucial in assessing the general health of the economy, the direction of tax policy and the volume of public services...

At the beginning of the 1990s, there was a wave of interest in the connections between taxation and saving, culminating in a series of reports and reviews in 1994. So, for example, UK tax policy towards saving and investment has been reviewed in the context of the Industrial Finance Initiative;...

A new model to calculate tsunami travel times in the Andaman Sea region has been developed. The model specifically provides more accurate travel time estimates for tsunamis propagating to Patong Beach on the west coast of Phuket, Thailand. More generally, the model provides better understanding...

This paper presents a model in which the realizations of stochastic tax and depreciation rates determine both the level and growth rate of output: externalities to investment - learning by watching - are characterized by diminishing returns, yielding a nonlinear "technical progress function"....

Barring any very unexpected developments, next month’s Budget Speech by the Chancellor of the Exchequer will be the last such speech to occur in March for the foreseeable future (and perhaps for ever) in the UK. As part of last year’s budget package, the Government published a White Paper on...