This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...

Non-exposed space is defined relative to exposed space, and mostly refers to indoor or semi-indoor scenes, such as urban rail transit, tunnels, coal mines, factories, shopping malls, hospitals, etc. Navigation and location information are closely related to human production and life. No matter...

The objective of this article is to explore the emergence of cognitive cities as the next step in urban development and to provide insights to city planners and administrators on how to create a connected and efficient physical environment that serves its citizens. By examining the key features...

Dense urban areas are especially hardly hit by the COVID-19 crisis due to the limited availability of public transport, one of the most efficient means of mass mobility. In light of the COVID-19 pandemic, public transport operators are experiencing steep declines in demand and fare revenues due...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Green emerging industries develop with the support of public policy which may experience much change. Most existing theories of policy change fail to consider the complicated interdependence and feedback between policies and the socio-technical system. Nor do they distinguish the change process...

Today, evolving technologies have enabled scientific breakthroughs in innovative wind turbine designs, including taller wind turbine towers and longer blades. These breakthroughs will enable utility-scale wind turbines to reach higher into the atmosphere, access stronger winds, and produce...

In den vergangenen Jahren haben sich CO2-Emissionen als maßgebliche Bemessungsgrundlage von Kfz-Steuern in den meisten europäischen Ländern durchgesetzt. Auch Deutschland hat ab Juli 2009 die Pkw-Steuer für Neufahrzeuge an dieser Größe orientiert, um klimapolitische Ziele zu verfolgen. Das...

Duties and taxes on cars are an important source of revenue for European governments and the tax systems are also designed with the goal of achieving environmental policy objectives. A systematic and quantitative comparison of passenger car taxation in 30 European countries shows significant...

The fuel efficiency of conventional private vehicles is a key input in the design of several economic and environmental policies. Reliable projections of the fuel efficiency variable can improve estimates on the future emission savings from policies promoting vehicle replacement, and on future...