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The most important theoretical argument concerning decentralization is that it can improve governance by making government more accountable and responsive to the governed. Improving governance is also central to the moti...Read more...
1 June 2011
This paper presents a model of competition between operators on urban local bus routes in which passengers always board the first bus to arrive, and it is costly to revise timetables. The model predicts that timetables a...Read more...