We adapt the 'Almost Ideal Demand System' (AIDS) from consumer expenditure theory to estimate an equation explaining demand for rail passsenger travel. The motivation for using an AIDS is essentially empirical: (1) The model is flexible enough to easily enable the insertion of specific variables...

Several incentive systems are examined that provide rebates on vehicles with higher-than-average fuel efficiency and levy fees on vehicles with less efficiency. The rebates and fees are applied to new vehicles at the time of purchase, and the rates are set such that the total outlay for rebates...

This paper analyses the various issues that are likely to arise with price regulation of privately owned airports. It begins with a brief background on Australian airports, and a review of regulatory experience elsewhere. Issues which can create problems for price regulation include congestion,...

This paper presents a formal analysis of the inventory centralization decision in a wider perspective. Expressions for various elements of total system cost are developed and their individual and combined effects on centralization are analyzed using an optimization model. The major thrust of the...

In recent years airports have been under growing pressure to become financially self-sufficient and to pursue profit maximization in their non-aeronautical or concession operations. In this paper we examine the optimal pricing in a model where concession and aeronautical operations of an airport...

Increased outsourcing of logistical services by manufacturers has prompted reconsideration of traditional relationships between manufacturers and third party logistics firms. Firms are moving away from single transaction business arrangements and forming cooperative relationships with third...

There is an increasing trend towards corporatisation and privatisation of airports in an effort to improve performance. However, the normal financial reporting requirements associated with these forms of organisation are not sufficient indicators of the performance of airports since...

This paper undertakes a comparative analysis of the stock market perception of risk of U.S.-listed water transportation and other transport sectors such as air transportation, rail transportation, trucks, and other related industries such as electricity, gas, petroleum refining and real estate...

This paper examines the effects of deregulation on stock price movements for the major surviving carriers in the airline industry. Linear transfer function model building procedures are used to define the dynamic relationships between price changes in the market and price changes in airline...