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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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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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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 …
Persistent link: https://www.econbiz.de/10010759022
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 …
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conditional independence. The paper gives a taxonomy of issues of confounding, a parameterization by risk or safety, and develops …. The paper has been written by an econometrician used to structural equations models but visiting epidemiology hoping to …
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