The paper studies the regulatory design in an industry where the regulated downstream provider of services to final consumers purchases the necessary inputs from an upstream supplier. The model is closely inspired by the UK regulatory mechanism for the railway network. Its philosophy is one of...

Population demography, income, and the price of car usage are probably the most important factors that determine car usage. Using a panel of European countries, this paper shows that national income and demography are strong drivers. Saturating car ownership and an ageing population hardly...

A major concern with the derivation of willingness to pay (WTP) distributions from mixed logit models is the incidence of values over a range that are deemed 'behaviourally questionable', with respect to the sign and magnitude. Recent research in redefining the 'space' within which a choice...

We report a vehicle-fleet experiment with an economic incentive for keeping within speed limits using a speed-alert device. A traffic insurance scheme was simulated for two months with a monthly bonus that was reduced by a non-linear speeding penalty. Participants were randomly assigned into...

There has been a surge of interest recently on the relation between poverty and transport policies. When analysing the relation between poverty and transport, concern often centres on the affordability of public transport. In this paper we present two alternative definitions of affordability...

Traditional analysis of multi-point competition suggests that firms compete less intensely with one another when they have strategic contacts across multiple markets. However, this mutual forbearance argument has not incorporated production cost differences between firms as moderating factors....