{"title":"Public-Private Partnership and Economic Efficiency: A Case Study of the Korean Urban Rail Transit System","authors":"Sounman Hong","doi":"10.2139/ssrn.2505079","DOIUrl":"https://doi.org/10.2139/ssrn.2505079","url":null,"abstract":"This study examines whether a public-private partnership (PPP) arrangement improved operational cost efficiency in Korea’s urban rail transit system. Overall, evidence suggests that private participation has not contributed to cost reduction in service operation. The study also explains how the absence of cost advantage in the private partnership may be associated with the two defining characteristics of a typical PPP: the bundling of different activities into a single contract and risk sharing between the public and private parties. I argue that, if negative externalities exist across the bundled activities, the risk sharing between the public and private parties may greatly weaken the concessionaire’s incentive for cost management.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130803487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Railroads and Growth in Prussia","authors":"E. Hornung","doi":"10.2139/ssrn.2399352","DOIUrl":"https://doi.org/10.2139/ssrn.2399352","url":null,"abstract":"We study the effect of railroad access on urban population growth. Using GIS techniques, we match triennial population data for roughly 1,000 cities in nineteenth-century Prussia to georeferenced maps of the German railroad network. We find positive short- and long-term effects of having a station on urban growth for different periods during 1840--1871. Causal effects of (potentially endogenous) railroad access on city growth are identified using propensity score matching, instrumental variables, and fixed-effects estimation techniques. Our instrument identifies exogenous variation in railroad access by constructing straight-line corridors between nodes. Counterfactual models using pre-railroad growth yield no evidence to support the hypothesis that railroads appeared as a consequence of a previous growth spurt.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116577911","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regulation of the Financial System: An Unknown Conflict (La régulation du système financier : un conflit méconnu)","authors":"G. Dumont","doi":"10.3917/geo.1548.0020","DOIUrl":"https://doi.org/10.3917/geo.1548.0020","url":null,"abstract":"<b>English Abstract:</b> Since 2008, the Western world has experienced profound economic difficulties, which, depending on the country and the year, have been marked by low or low economic growth, often high unemployment and the over-indebtedness of many states. These difficulties result from many governance errors, but the responsibility of the financial system is often emphasized. Hence international negotiations that generate an unacknowledged financial battle.<br><br><b>French Abstract:</b> Le monde occidental connaît depuis 2008 de profondes difficultés économiques attestées, selon les pays et les années, par une croissance économique faible ou en berne, un chômage souvent élevé et le surendettement de nombreux États. Ces difficultés résultent de nombreuses erreurs de gouvernance, mais la responsabilité du système financier est souvent soulignée. D’où des négociations internationales qui engendrent une bataille financière inavouée.<br>","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132388237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Higher Price of Cleaner Fuels: Market Power in the Rail Transport of Fuel Ethanol","authors":"Jonathan E. Hughes","doi":"10.2139/ssrn.1861116","DOIUrl":"https://doi.org/10.2139/ssrn.1861116","url":null,"abstract":"This paper provides evidence of market power in the transportation of ethanol used in reformulated gasoline and alternative transportation fuels. I estimate a reduced form model for railroad route-level prices. My identification strategy instruments for railroad entry, controls for selection and explicitly models capacity constraints. A detailed understanding of this industry is important because U.S. environmental policies seek to substantially expand ethanol use. Evidence of market power may alter the types of policies pursued by lawmakers. I find that ethanol shipment prices are lower for more competitive routes. I also find evidence that railroads price discriminate based on environmental regulation at route destinations. Monopolist prices for shipments to carbon monoxide non-attainment areas are 3% higher than shipments to other destinations. This price premium falls sharply with increased competition. This suggests a perverse result where environmental regulation increases the price of a clean input.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129972389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Aircraft Noise Derivatives","authors":"Curdin Dalbert, P. Vanini","doi":"10.2139/ssrn.1391923","DOIUrl":"https://doi.org/10.2139/ssrn.1391923","url":null,"abstract":"Changing noise levels have a severe impact on house prices and through the leverage in financing on households wealth. This risk is essential for houses close to airports with uncertain aircraft regimes. We design and calibrate real options based on aircraft noise to hedge against noise risk. The underlying value is an index that measures the aircraft noise disturbance. The index depends on the geographical location, the development of the number of flight movements and potential changes in the operation variants of an airport. Since noise is not a traded asset, we use an equilibrium pricing method to obtain unique option values and calibrate the model using several data sets. Our findings show that the market price of risk is non-trivial, i.e. it depends on geography, future flight movements and organization of the traffic. We finally price the options and derive the option price sensitivities.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132068888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Kahta Çayı Havzası’nda Arazi Kullanımı (Land Use in the Kahta River Basin)","authors":"Necmettin Elmastaş","doi":"10.2139/ssrn.3394988","DOIUrl":"https://doi.org/10.2139/ssrn.3394988","url":null,"abstract":"<b>Turkish Abstract:</b> Kahta Çayı Havzası, Güneydoğu Anadolu Proje sahası içerisinde yer almaktadır. Eğimli bir topografyanın hakim olduğu havzada, tarım faaliyetlerine elverişli araziler oldukça sınırlıdır. Mevcut tarım arazileri de vadi taraçaları üzerindeki araziler ile ormanlık ve otlak alanlardan elde edilmiş arazilerden ibarettir. Havzadaki tarım arazileri nüfusun ihtiyacını karşılamaktan uzaktır. Bu nedenle havza, yıllardır dışarıya göç vermektedir. Havzadaki araziler yüksek eğim ve yanlış kullanım nedeniyle şiddetli bir erozyona da maruz kalmaktadır. Bu çalışmada, Kahta Çayı Havzası’nda arazi kullanımında karşılaşılan problemler tespit edilmeye ve bazı çözüm önerileri getirilmeye çalışılmaktadır.<br> <br><b>English Abstract:</b> The Kahta river basin is located in the area of Southeastern Anatolia Project. The lands suitable for agricultural activities are quite a bit restricted in the basin which is topographically sloped. Available agricultural lands consist of the fields on the terrace of valley and area gotten from forests and pastures. Agricultural lands in the basin are far from to meet the demand of the population in the region. Therefore, the people living in the basin migrate from the basin each year. The lands in the basin are subjected to erosion due to high slope and misusage of the fields. In this study, the problems encountered in the usage of the lands in the Kahta river basin will be determined and some solutions to problems will be suggested.<br>","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127949944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Transportation Network Efficiency Measure that Captures Flows, Behavior, and Costs With Applications to Network Component Importance Identification and Vulnerability","authors":"A. Nagurney, Q. Qiang","doi":"10.2139/SSRN.979328","DOIUrl":"https://doi.org/10.2139/SSRN.979328","url":null,"abstract":"In this paper, we propose a transportation network efficiency measure that can be used to assess the performance of a transportation network and which differs from other proposed measures, including complex network measures, in that it captures flows, costs, and travel behavior information, along with the topology. The new transportation network efficiency measure allows one to determine the criticality of various nodes (as well as links) as we demonstrate through a network component importance definition, which is well-defined even if the network becomes disconnected. Several illustrative transportation network examples are provided in which the efficiencies and importance of network components are explicitly computed, and their rankings tabulated. This framework can be utilized to assess the vulnerability of network components in terms of their criticality to network efficiency/performance and to, ultimately, enhance security.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134467600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Breath Testing and the Demand for Drunk Driving","authors":"H. Saffer, F. Chaloupka","doi":"10.3386/W2301","DOIUrl":"https://doi.org/10.3386/W2301","url":null,"abstract":"This paper presents an empirical investigation of the effect of a preliminary breath test law on drunk driving behavior. A preliminary breath test law reduces the procedural problems associated with obtaining evidence of drunk driving and thus increases the probability that a drunk driver will be arrested. In 1985, only 23 states had a preliminary breath test law. According to the theory of deterrence, increasing the probability of arrest for drunk driving will reduce the future occurrence of this behavior. The data set employed to test the theory is a time series from 1980 to 1985 of cross sections of the 48 contiguous states. Four highway mortality rates are used as measures of drunk driving. The effect of the breath test law was estimated using four independent variable models and 12 dummy variable models. The four independent variable models were also estimated using Leamer's specification test. The purpose of using these alternative specifications and Leamer's specification test was to examine the breath test coefficients for specification bias. The econometric results show that the passage of a breath test law has a significant deterrent effect on drunk driving. Simulations with these results suggest that if all states had a preliminary breath test law, highway mortality could be reduced by about 2000 deaths per year.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129024237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Imputing Weights Behind Past Railway Closure Decisions within a Cost–Benefit Framework","authors":"R. Brent","doi":"10.1080/758529059","DOIUrl":"https://doi.org/10.1080/758529059","url":null,"abstract":"The purpose of this article is to derive estimates of the set of weights used in 99 railway closure decisions made over the period 1963-70 in the U.K. and to examine the usefulness of these weights to policy-makers.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134005489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Capped Steam Ahead - A Case Study Among Ship Operators on a Maritime ETS","authors":"Simon Koesler, Martin Achtnicht, Jonathan Köhler","doi":"10.2139/ssrn.2105631","DOIUrl":"https://doi.org/10.2139/ssrn.2105631","url":null,"abstract":"International shipping is an important emitter of greenhouse gases. The International Maritime Organization (IMO) is discussing different approaches to reduce maritime CO2 emissions, in particular market-based mechanisms. In this paper, we assess potential implications of a maritime emission trading scheme (ETS) on the organisation and operations of shipping companies, primarily on the basis of a case study involving ship operators. Our results suggest that there is no knock-out criterion why a cap-andtrade approach should not work in the shipping sector in practice. A maritime ETS has the potential to engage this sector into cost-efficient emission reduction if designed to account for the special characteristics of the international shipping industry.","PeriodicalId":120253,"journal":{"name":"GeographyRN: Economic Geography (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131421400","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}