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Full-Text Articles in Social and Behavioral Sciences
Road Pricing As A Citizen-Candidate Game, Edoardo Marcucci, Marco Marini, Davide Ticchi
Road Pricing As A Citizen-Candidate Game, Edoardo Marcucci, Marco Marini, Davide Ticchi
Davide Ticchi
We construct a political economy model to analyze the political acceptability of road pricing policies. We use a citizen-candidate framework with a population composed by three groups differing for their income level. We show that road pricing policies are never applied when there is no redistribution of the resources in favour of other modes of transport or when the congestion of these types of transport is relatively high. The results suggest that the efficiency of the redistribution of resources from road to the alternative types of transport as well as the fraction of the population that uses the road transport …
Risk-Aversion And The Investment-Uncertainty Relationship: A Comment, Enrico Saltari, Davide Ticchi
Risk-Aversion And The Investment-Uncertainty Relationship: A Comment, Enrico Saltari, Davide Ticchi
Davide Ticchi
This paper shows that the solution of Nakamura’s [Journal of Economic Behavior and Organization 38 (1999) 357] model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship.