Ryanair tends to operate to destinations from its UK bases that are not the main airports in the country being served and in this it differs from many other European low-cost carriers. Although direct competition is not provided in the way that rival services operate between identical pairs of...

Urban bus systems have been privatised and deregulated in Britain, Santiago (Chile) and Colombo (Sri Lanka). Although similar regulations were applied in these cases, the outcomes observed were significantly different. We create an analytical model to explain such outcomes considering differing...

There is a substantial empirical literature quantifying the positive relationship between city size and productivity. This paper studies the implications of that relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a cost-benefit...

Past research into the term structure of freight rates has generally proved unsuccessful in its attempts to establish the expectations hypothesis as applicable to shipping markets. Recent work has provided a possible explanation for such failures by identifying time-varying term risk premia in...

This paper presents a stochastic extension of the classical partial equilibrium models of the spot freight market. The supply of sea transport in the model is based on microeconomic analysis of the supply characteristics of a given fleet and orderbook, in this case the VLCC fleet. It also...

We develop an equilibrium job search model in which employees incur commuting costs, and residential relocation is costly. We demonstrate that firms partially compensate workers for the incurred relocation costs to avoid paying compensation for commuting costs when house prices do not fully...

This study examines 731 office properties in Seoul, Korea to determine discriminant impact on office rentals and land values by a transit station's location in the city. Value premiums from better accessibility to stations seem to exist; but they decay with increasing distance from centres and...

© 2007 LSE and the University of Bath

This paper develops a model to examine how a transport operator who is concerned about both profit and consumer surplus will design a uniform fare scheme and the relationship between fare and travel distance within such a scheme. The paper also analyses how travellers' generalised cost are...

Scheduling coordination is considered both a reason for and a consequence of airline consolidation. The authors formally model this dimension of airline partnerships, with complementary alliance where stop-over delays affect passengers' utility. They compare partnership where carriers are only...