Transport Economics introduces students to the key areas of the transport sector, combining lucid explanation of theory with detailed case studies from across the European Union. The book applies microeconomic theory and is aimed at students taking their first course in the subject.
Transport Economics introduces students to the key areas of the transport sector, combining lucid explanation of theory with detailed case st...
Economics Nobel Laureate Herbert Simon developed the concept of bounded rationality in the 1950s. This asserts that the cognitive abilities of human decision-makers are not always sufficient to find optimal solutions to complex real-life problems, leading decision-makers to find satisfactory, sub-optimal outcomes. This was a foundational component of the development of Behavioural Economics but in recent years the two fields have diverged, each with its own literature, its own approach and its own proponents. Behavioural Economics explores the areas of commonality between Economics and...
Economics Nobel Laureate Herbert Simon developed the concept of bounded rationality in the 1950s. This asserts that the cognitive abilities of huma...
