Like most others, traffic economists also treat a vertical line for the capacity of a road. When traffic flow approaches the vertical line, there will be congestion, while the line itself is a gridlock. This paper re-runs the traffic mathematics thoroughly, to derive some surprisingly new...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

We study the asymptotic distribution of Tikhonov Regularized estimation of quantile structural effects implied by a nonseparable model. The nonparametric instrumental variable estimator is based on a minimum distance principle. We show that the minimum distance problem without regularization is...

This paper discusses the theoretical and practical aspects of new methods for solving DEA problems under real-life geometrical uncertainty and probability uncertainty of sample data. The proposed minimax approach to solve problems with geometrical uncertainty of sample data involves an...

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

In the Input-Output Analytic framework, production (X) is related to final demand (C) through the B [while B= INV(I-A), where A is the technical coefficients matrix and INV(.) means inverted (.)], such that X=BC. Generally, the elements of A and C are considered to be non-stochastic and...