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utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework … using a stochastic demand model was developed to determine the optimal time to invest. The value of the option to defer and …
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We show that in situations of team production, the associated externality between workers can be partially internalized …
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The high-speed transport networks of the future are already in the planning stage, and all regions will want to be included. However, the magnitude of the investment required and the operating constraints will make it impossible to provide homogeneous service to all areas. Regional policies,...
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