I study a regulatory process in which both the regulator and the regulated firm propose prices that in case of disagreement are settled through final-offer arbitration – a practice currently used in Chile for setting prices in the water sector. Rather than submitting a single offer, each party...

The South African government has begun to ramp up economic infrastructure investment. This is an important policy shift and in line with the government’s aim of increasing economic growth to 6% and halving poverty by 2014. It follows that we are left with the question: What are the most...

The paper presents briefly the supply chain and european logistics market. The role of supply chain has never been as critical as it is today. Faced with increasing global competition the last two decades, the popular reengineering strategy adopted by many successful companies to address these...

We empirically test some implications from location theory using the location of Los Angeles area gasoline stations in physical space and in the space of product attributes. We consider the effect of demand patterns, entry costs, and several proxies for competition -- the total number of...

This paper addresses the design of an evaluation methodology for mainports and gateways as strategic nodal and multi-modal centres in an international transport network. After an exposition of the concepts of mainports and gateways, the attention will be focussed on the critical relevance of...

Many decisions of mankind are rational only to a limited extent. This holds for individual travel behaviour, but also for long-range strategic decisions on transport systems or transport technology. In any decision problem coping with uncertainty is the most critical element. The introduction of...

Recent advances in telecommunications, particularly using fibre technologies, permit many services based on data-processing to be performed anywhere in the world. They thus become tradable and subject to the laws of comparative advantage. A good example is data-processing within large...

The current discussion about deregulating the taxi market raises the fundamental question as to whether unregulated competition in this market can lead to efficient results or whether there are sound economic reasons for government intervention. In weighing up different theoretical arguments and...

This article analyzed theoretically and empirically the influence of infrastructure investment on economic growth in Nigeria from 1980–2006. The study employed the use of vector error correction estimate (VECM). The variables were found to be stationary at order 1, and there exists a...