This paper reports the findings of an economic evaluation of fares regulation options for Britain's railways. The evaluation is based on the development of an econometric demand model based on a large scale survey of passenger preferences. The model was applied to comprehensive case study...

Previous works have established synonymity between the notions of uncertainty and unreliability, exploiting this in deriving marginal valuations of travel time and scheduling under uncertainty. Whilst valid for forecasting demand, such valuations fail to illuminate the costs of bearing...

To date, forecasts of the demand impacts of lateness and reliability have been derived largely from individual-level models taken at a snapshot in time. The contribution of this paper is to develop a dynamic model of rail demand at the market-level, yielding short and long-run elasticities with...

The ‘Hensher equation’ is a prominent method for valuing the benefits of business travel time savings. This paper derives the equation from first principles, revealing several underpinning assumptions, as follows: (I) production is a function only of labour given fixed capital; (II) the...

Who Changes? Institutionalizing Participation in Development. Edited by James Blackburn with Jeremy Holland. London: Intermediate Technology Publications, 1998. Pp.xvi + 199. £5.25. ISBN 1853394203 Whose Voice? Participatory Research and Policy Change. Edited by Jeremy Holland with James...

This paper examines the evidence on the forms of politics likely to promote inclusive social provisioning and enable, as opposed to constrain, improvements in service outcomes. It focuses on eight relatively successful cases of delivery in a range of country contexts and sectors (roads,...

El Banco Interamericano de Desarrollo organizó en marzo de 1997 un "Simposio de ciudades y Foro de buenas prácticas en gestión urbana" . En él se debatieron las nuevas ideas sobre el papel de los centros urbanos en el futuro de la región, los problemas que enfrentarán al asumir este papel...

We consider the manner in which the well-established path independence conditions apply to Small and Rosen's (1981) problem of discrete-continuous demand, focussing especially upon the restricted case of discrete choice (probabilistic) demand. We note that the consumer surplus measure promoted...

Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference...

Choice modelling has been one of the most active fields in economics over recent years. This valuable new book contains leading contributions from academics and practitioners from across the different areas of study where choice modelling is a key analytical technique, drawn from a recent...