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. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper … incorporates these two factors in the technological-progress measurement and investigates the biases caused by their omission. We … measurement underestimates the true technological progress. We apply this methodology to Japanese and US industries, and find that …
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Safety is a central issue that challenges decision-makers during the planning and implementation of high-speed railways (HSR) and appropriate systems should be in place to ensure safe performance during operations. To contribute toward the capacity-building efforts in countries importing HSR...
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