The purpose of the present study was to investigate the cost and production structure of mass transit systems using both panel and time series data. Accepting cost minimization (subject to a set of constraints that reflect demand, regulatory, and urban setting conditions) as the economic...

In response to the increasing devolution of transportation planning and fiscal responsibilities to local governments, voter-approved ballot initiatives are becoming an important source of much-needed revenue for transit and road transportation projects. There is a need for policy makers to...

A Bayesian updating model is developed to capture the mechanism by which travelers update their travel time perceptions from one day to the next in light of information provided by Advanced Traveler Information Systems (ATIS) and their previous experience. The availability and perceived quality...

In the absence of order-book data and limited information on quoted bid-ask spreads in the Indian stock market, this paper attempts to analyze the bid-ask spread in Indian market by estimating bid-ask spreads and its components from trade prices. The sample consists of tick-by-tick data for the...

This study investigates the nature of relationship between price and trading volume for 50 Indian stocks. Firstly the contemporaneous and asymmetric relation between price and volume are examined. Then we examine the dynamic relation between returns and volume using VAR, Granger causality,...