5,305 research outputs found

    Regulation in the Taxi Industry.

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    This paper examines some of the economic reasons for price and entry regulation in the taxi industry and presents the legal framework under which taxis and hire cars are regulated in England and Wales outside London. It is argued that the current law is defective and should be amended to incorporate explicitly the inter-relationship between fares and vehicle numbers such that the regulators have the discretion to choose between a high price/high availability service and a low price/low availability service

    Habitual reflexivity and skilled action

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    Theorists have used the concept habitus to explain how skilled agents are capable of responding in an infinite number of ways to the infinite number of possible situations that they encounter in their field of practice. According to some perspectives, habitus is seen to represent a form of regulated improvisation that functions below the threshold of consciousness. However, Bourdieu (1990) argued that rational and conscious computation may be required in situations of ‘crises’ where habitus proves insufficient as a basis for our actions. In the current paper, I draw on a range of evidence which indicates that conscious intervention (including self-reflective sensory consciousness) is required not only at points of crises but also as skilled performers engage in the mundane actions/practices that characterise their everyday training and performance regimes. The interaction of conscious learning and unconscious schemata leads to the development of a reflexive habitus which allows performers to refine and adapt embodied movement patterns over time

    Taxi Licensing Policy 1985-1991.

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    This paper reviews the effects of the 1985 Transport Act in the Taxi Industry, drawing on the results of surveys of local authorities in 1988, 1989 and 1991. Overall, we find that the Transport Act has had limited success in achieving its objectives. In restricted markets, a substantial and increasing licence premium is enjoyed by licence holders. In deregulated districts, we see generally lower standards of quality enforcement and severe shortages of rank capacity. We think the use of passenger working time as the sole intention for determining regulatory policy is likely to perpetuate these problems, and thus a review of regulation is required so that a better compromise between competing objectives can be achieved

    Monogamy of nonlocal quantum correlations

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    We describe a new technique for obtaining Tsirelson bounds, or upper bounds on the quantum value of a Bell inequality. Since quantum correlations do not allow signaling, we obtain a Tsirelson bound by maximizing over all no-signaling probability distributions. This maximization can be cast as a linear program. In a setting where three parties, A, B, and C, share an entangled quantum state of arbitrary dimension, we: (i) bound the trade-off between AB's and AC's violation of the CHSH inequality, and (ii) demonstrate that forcing B and C to be classically correlated prevents A and B from violating certain Bell inequalities, relevant for interactive proof systems and cryptography.Comment: This is the submitted version. The refereed version, which contains an additional result about strong parallel repetition and corrects some typos, is available on my personal web site at http://bentoner.com/papers/monogamyrs.pdf [PDF

    Hierarchical elimination-by-aspects and nested logit models of stated preferences for alternative fuel vehicles

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    1. INTRODUCTION Since the late 1960s, transport demand analysis has been the context for significant developments in model forms for the representation of discrete choice behaviour. Such developments have adhered almost exclusively to the behavioural paradigm of Random Utility Maximisation (RUM), first proposed by Marschak (1960) and Block and Marschak (1960). A common argument for the allegiance to RUM is that it ensures consistency with the fundamental axioms of microeconomic consumer theory and, it follows, permits interface between the demand model and the concepts of welfare economics (e.g. Koppelman and Wen, 2001). The desire to better represent observed choice, which has driven developments in RUM models, has been somewhat at odds, however, with the frequent assault on the utility maximisation paradigm, and by implication RUM, from a range of literatures. This critique has challenged the empirical validity of the fundamental axioms (e.g. Kahneman and Tversky, 2000; Mclntosh and Ryan, 2002; Saelensmide, 1999) and, more generally, the realism of the notion of instrumental rationality inherent in utility maximisation (e.g. Hargreaves-Heap, 1992; McFadden, 1999; Camerer, 1998). Emanating from these literatures has been an alternative family of so-called non-RUM models, which seek to offer greater realism in the representation of how individuals actually process choice tasks. The workshop on Methodological Developments at the 2000 Conference of the International Association for Travel Behaviour Research concluded: 'Non-RUM models deserve to be evaluated side-by-side with RUM models to determine their practicality, ability to describe behaviour, and usefulness for transportation policy. The research agenda should include tests of these models' (Bolduc and McFadden, 2001 p326). The present paper, together with a companion paper, Batley and Daly (2003), offer a timely contribution to this research priority. Batley and Daly (2003) present a detailed account of the theoretical derivation of RUM, and consider the relationships of two specific RUM forms; nested logit [NL] (Ben-Akiva, 1974; Williams, 1977; Daly and Zachary, 1976; McFadden, 1978) and recursive nested extreme value [RNEV] (Daly, 2001 ; Bierlaire, 2002; Daly and Bierlaire, 2003); to two specific non-RUM forms; elimination-by-aspects [EBA] (Tversky, 1972a, 1972b) and hierarchical EBA [HEBA] (Tversky and Sattath, 1979). In particular, Batley and Daly (2003) establish conditions under which NL and RNEV derive equivalent choice probabilities to HEBA and EBA, respectively. These findings would seem to ameliorate the concern that the application of RUM models to data generated by non-RUM choice processes could introduce significant biases. That aside, substantive issues remain as to how non-RUM models can best be specified so as to yield useful and robust information in both estimation and forecasting contexts, and how their empirical performance compares with RUM models. Such issues are the focus of the present paper, which applies non-RUM models to a real empirical context
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