Previous works have established synonymity between the notions of uncertainty and unreliability, exploiting this in deriving marginal valuations of travel time and scheduling under uncertainty. Whilst valid for forecasting demand, such valuations fail to illuminate the costs of bearing...

This paper investigates business traveller heterogeneity using data from a survey carried out amongst airline passengers. Traditional methods employed are usually based on mean responses, thus providing an incomplete picture of what business travellers perceive to be the main sources of...

This paper investigates factors that can explain the dynamics of yield premia on seasoned high yield bonds of shipping companies. Our analysis utilises 40 seasoned high yield bonds offered by 32 shipping companies between April 1998 and December 2002 and a set of microeconomic, macroeconomic...

This paper examines the effect of multimodal integration on the rivalry between two transport chains - a forwarder-airline alliance and an integrator - under the economies of traffic density. An improvement in multimodal integration by a forwarder-airline alliance would increase the alliance's...

The establishment of private communities on Internet-based transportation networks is a relatively new trend that has met with mixed success. Within industry, there has been uncertainty over the costs and benefits of these communities to shippers and carriers. Through a theoretical model based...

Vertical separation between infrastructure service provision and the operation of trains is one important element in the Swedish deregulation process. Another is the introduction of various forms of competition. In this paper, we study the economic development of the Swedish railway and explore...

This paper analyzes the influence of highway safety regulation enforcement efforts on motor vehicle fatalities. It estimates a regression model in which such deaths depend on these efforts as well as economic conditions, driver characteristics, government regulations, and locational factors,...

Following the 9/11 terrorist incidence, most countries introduced security charges on air travel, mostly in the form of flat rate per passenger. However, it is clear that such flat rate per passenger may not be socially optimal as implied by previous studies on airport pricing including those...

This paper develops a non-linear programming model to design optimal corporate contracts for airlines stipulating front-end discounts for all nets, which are defined by combination of routes, cabin types, and fare classes. The airline's profit is modeled using a multinomial logit function that...