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hours, speed differences are probably one of the most important reasons for congestion. Although the model setting, with one … of slow drivers, and that ‘platooning’ may become an attractive option especially when the desire for a low speed is …
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In this paper, we derive a structural model for commuting speed. We presumethat commuting speed is chosen to minimise … commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the … timecosts fall. Using data from Great Britain, we demonstrate that the income elasticity ofcommuting speed is 0.126. The ratio …
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In this article, we present a new perspective on forecasting technology adoption, focused on the extensive margin of adoption of multiple digital technologies in multiple countries. We do this by applying a Bayesian hierarchical structure to the seminal model of technology diffusion. After...
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practice. In concrete terms, it examines a variant of high-frequency trading that is all about speed - low-latency trading - in …-latency trading and the role of speed because it also aims to show that the commonly made assumption that speed in financial markets … is morally neutral is wrong. For instance, speed is a necessary condition for low-latency trading's potential to cause …
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