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There has been wide interest in private supply of roads as a solution to traffic congestion. We study its efficiency under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible regulatory policies for private road operators. We obtain...
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We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known. Policy implications can differ considerably from those...
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single hazard can trigger a subsequent, different hazard, such as earthquakes triggering landslides. The effect of such … single hazards in isolation, and even multi-hazard risk assessment currently does not account for the interaction between …
Persistent link: https://www.econbiz.de/10010846418
This paper illustrates approaches to landslide risk acceptance in various parts of the world in the context of the … willingness to accept that risk, the willingness to pay to reduce the risk, and the willingness to alter the environment in the … conceptual approaches to landslide risk management. The willingness construct is intended to provide a readily understood …
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extended version of the consumption risk-sharing hypothesis. The test explicitly incorporates self-production and uses natural … disasters such as avian influenza, droughts, and floods to identify the effectiveness of market and non-market risk …-sharing mechanisms. With these additional treatments, full risk sharing cannot be rejected, which suggests the presence of omitted …
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