As part of its efforts to reach the targets of the Kyoto Protocol, the European Commission is currently considering a new directive to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this proposal with respect to its economic and...

"As health care costs continue to rise, governments and private payers are being forced to make difficult coverage decisions about new health care treatments. Cost-effectiveness (CE) analysis is the main method used to prioritize this spending. The self-evident efficiency rationale for CE is...

Singapore is an island-state with a land area of about 710 square km, measuring 42 km across and 23 km from north to south. Densely populated with more than 4.8 million people, its transport needs are served by an infrastructure of 147 km of MRT/LRT lines and 3,300 km of roads catering to more...