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We consider the manner in which the well-established path independence conditions apply to Small and Rosen's (1981) problem of discrete-continuous demand, focussing especially upon the restricted case of discrete choice (probabilistic) demand. We note that the consumer surplus measure promoted...
Persistent link: https://www.econbiz.de/10011049908
Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference...
Persistent link: https://www.econbiz.de/10011049912
As the demands placed on transport systems have increased relative to extensions in supply, problems of network unreliability have become ever more prevalent. The response of some transport users has been to accommodate expectations of unreliability in their decision-making, particularly through...
Persistent link: https://www.econbiz.de/10005224991
The ‘Hensher equation’ is a prominent method for valuing the benefits of business travel time savings. This paper derives the equation from first principles, revealing several underpinning assumptions, as follows: (I) production is a function only of labour given fixed capital; (II) the...
Persistent link: https://www.econbiz.de/10011242056
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Batley and Larbi examine how governments of developing countries are organized to deliver public services. The book is based on comparative international studies of four service sectors: Health care, urban water, business promotion and agricultural marketing. Governments everywhere are being...
Persistent link: https://www.econbiz.de/10012053768
ESID Research Associate Laura Routley has produced an annotated bibliography as part of ESID's inception phase. This publication offers a starting point for investigating some of ESID research themes, drawing together what is known about the politics of what works, and laying out current...
Persistent link: https://www.econbiz.de/10010878391
This paper examines the take up of Political Economic Analysis (PEA) tools and approaches by development agencies. It charts the emergence of PEA, reviews the embryonic literature on this phenomenon and asks whether this approach assists donors and development agencies to comprehend politics and...
Persistent link: https://www.econbiz.de/10010878392
Moving beyond the mantra that 'politics matters', a range of conceptual approaches have recently emerged within international development thinking that seek to capture the specific ways in which politics shapes development. This paper critically assesses whether these approaches, including work...
Persistent link: https://www.econbiz.de/10010878393