traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …

Intelligence scholars are drawing on behavioural decision theory to improve decision-making under risk and uncertainty … analysis of human action in the face of true uncertainty. Decision theory, both orthodox and behavioural, depicts decision … located beyond information acquisition, however fast and however vast. Intelligence agencies have no price signals to help …

significant expected payoffs when they shun uncertain alternatives in favor of known ones. Worse, when information is revealed …

under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible …

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 …-profit result and thus leads to a lower welfare, whereas without uncertainty various forms of competitive auctions can attain this …

. Information provision is preferable when uncertainty is high, as information is more valuable at this time. …In the face of capacity disruptions (due, for example, to traffic incidents or poor weather), information provision and …-dependent congestion pricing and habitual stateindependent pricing, and three information provision regimes: no information, perfect …