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Economics: Private and Public Choice is an aid for students and general readers to develop a sound economic reasoning. The book discusses several ways to economic thinking including six guideposts as follows: (i) scarce goods have costs; (ii) Decision-makers economize in their choices; (iii) Incentives are important; (iv) Decision-makers are dependent on information scarcity; (v) Economic actions can have secondary effects; and (vi) Economic thinking is scientific. The book explains the Keynesian view of money, employment, and inflation, as well as the monetarist view on the proper macropolicy, business cycle, and inflation. The book also discusses consumer decision making, the elasticity of demand, and how income influences demand. The text analyzes costs and producer decisions, the firm under pure competition, and how a competitive model functions. The book explains monopoly, and also considers the high barriers that prevent entry such as legal barriers, economies of scale, and control over important resources. The author also presents comparative economic systems such as capitalism and socialism. This book can prove useful for students and professors in economics, as well as general readers whose works are related to public service and planning in the area of economic development.
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
When predicting the future of air traffic development, it is imperative for researchers and planners tohave the most accurate information about airport capacity constraints. Airport capacity constraintsand strategies for mitigation: A global perspective analyses airport capacity constraints with empiricalmethods that forecast future capacities and capacity shortfalls.The book discusses in detail the importance of airport capacity constraints on air traffic development,especially for international hubs, along with mitigation strategies for already congested airports. It analysesempirical data to provide greater insight into the problems of airport congestion and capacity shortage.The authors present detailed global traffic forecasts for the years 2030 and 2040, and mitigation strategiesfor overcoming the problem of limited airport capacity.As expanding current airports becomes increasingly difficult, and time consuming - especially for hubs- the study of current and future airport capacity constraints becomes ever more needed. This bookprovides detailed information about how to correctly assess and quantify the problem of limited airportcapacity, while offering strategies for overcoming these issues for a healthy global air traffic network.
This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Viewing transportation through the lens of current social, economic, and policy aspects, this four-volume reference work explores the topic of transportation across multiple disciplines within the social sciences and related areas, including geography, public policy, business, and economics. Features: Approximately 675 signed articles authored by prominent scholars are arranged in A-to-Z fashion and conclude with Further Readings and cross references. A Chronology helps readers put individual events into historical context; a Reader’s Guide organizes entries by broad topical or thematic areas; a detailed index helps users quickly locate entries of most immediate interest; and a Resource Guide provides a list of journals, books, and associations and their websites. While articles were written to avoid jargon as much as possible, a Glossary provides quick definitions of technical terms. To ensure full, well-rounded coverage of the field, the General Editor with expertise in urban planning, public policy, and the environment worked alongside a Consulting Editor with a background in Civil Engineering. The index, Reader’s Guide, and cross references combine for thorough search-and-browse capabilities in the electronic edition. Available in both print and electronic formats, Encyclopedia of Transportation is an ideal reference for libraries and those who want to explore the issues that surround transportation in the United States and around the world. Key Themes: Administration, Operations, and Evaluation Air Transportation Systems Economics of Transportation Energy, Environmental, and Health Impacts Facilities and Infrastructure Intermodal Transportation Systems International Transportation and Policy Labor Issues/Employee Relations Planning and Policy Safety and Security Social Issues in Transportation Surface Transportation Systems Technology, Design, and Engineering Transportation, Finance of Transportation Legislation Transportation Modeling Transportation Organizations and Agencies Travel Behavior and Research Water Transportation Systems
TRB's second Strategic Highway Research Program (SHRP 2) Report S2-C46-RR-1: Activity-Based Travel Demand Models: A Primer explores ways to inform policymakers' decisions about developing and using activity-based travel demand models to better understand how people plan and schedule their daily travel. The document is composed of two parts. The first part provides an overview of activity-based model development and application. The second part discusses issues in linking activity-based models to dynamic network assignment models.