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In this paper, the optimal timing for investing in high speed rail projects under uncertainty in relation to the utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework using a stochastic demand model was developed to determine...
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The health systems we enjoy today, and expected medical advances in the future, will be difficult to finance from … finance ministries. Sound governance and co-ordination mechanisms are therefore essential to ensure effective policy choices …. Prepared by both public finance and health experts, this report provides a unique detailed overview of institutional frameworks …
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