Estimation and validation of hybrid choice models to identify the role of perception in the choice to cycle

Cycling is one of the most sustainable and ecofriendly modes of travel and a good form of exercise. Many government and public health authorities recommend cycling to stay fit as well as to reduce air and noise pollution, CO₂ emissions, traffic congestion, and other negative consequences of car use. In light of these benefits, a major challenge for researchers today is how to promote cycling. However, in countries where cycling is not common, apart from the need for proper cycling facilities, one major issue concerns people’s perception of cycling for sport or recreational activities rather than as a mode of transport. The aim of this paper is to explore the role of perception in the likelihood of the bike being used for utilitarian purposes. We focus on the perception of: the bicycle as a means of transport; bikeability (in terms of usefulness and safety) and of bike infrastructure. Hybrid Choice Models (HCMs) have been used to estimate the effect of people’s perception on the propensity to bike. The HCM also accounts for the serial correlation between error terms in the discrete and latent perceptions, to allow for agent-common unknown factors. Furthermore, we also validate the model results using a hold-out sample and discuss some policy measures aimed at changing travel behavior. The results suggest that, besides individual characteristics, latent aspects related to the perception of the context and of the bicycle as a means of transport strongly affect the propensity to cycle.     

Informative Externalities and Pricing in Regulated Multiproduct Industries

This paper addresses the issue of how to organise a two-product industry with interdependent demands when the regulator cannot observe the demand level of the goods produced. Two industry structures are compared: a multiproduct monopoly, in which an informed firm produces both goods, and a differentiated duopoly, where two firms control one good each but the level of demand is known by one firm only. Focusing on the informative costs of regulation, the paper shows that, if goods are substitutes, the regulator may achieve a better performance through integration of production. With complements, instead, decentralisation tends to be preferred.     

Public debt indexation and denomination with an independent central bank

This paper examines the interaction between public debt management and the design of monetary institutions. The analysis shows that delegation of monetary policy to an independent central bank is more effective in containing inflationary expectations than the use of foreign currency or inflation-indexed debt. If delegation of monetary policy is viable, the optimal policy is to issue nominal debt. This increases the sensitivity of taxes and output to unexpected inflation, thus minimizing the inflation needed to offset supply shocks. Evidence on central bank independence, debt composition and output variability suggests that the normative argument has some positive content.     

Big data in smart tourism: challenges,issues and opportunities

In the era of digital transformation, Big Data have assumed a crucial role in changing the global travel and providing significant challenges and opportunities for established companies, as well as new entrants into the tourism industry. All these companies can get valuable information on Big Data for predicting tourist demand, enabling better decision-making, managing knowledge flows and interaction with customers, and providing the best service in a more efficient and effective way. This can result in improved productivity, increased customer satisfaction, personalized marketing campaigns, and more efficient operations. However, open research issues about the role of Big Data in the tourism industry can be still recognized. With these premises, this Editorial aims to present the articles included in the special issue of Current Issues in Tourism titled ‘Big data in smart tourism: challenges, issues and opportunities’, which has called for research contributing to the recent debates on the implications and challenges of the adoption of Big Data to improve the competitiveness of tourism destinations and companies. Main topics considered by the accepted articles include a literature review proposing a novel theoretical investigative frameworks, metrics and critical dimensions, and empirical investigations of the use of Big Data in different tourism contexts.     

Diversification strategies and scope economies: evidence from a sample of Italian regional bus transport providers

A growing number of Local Public Transport (LPT) companies diversify their production lines by providing a large set of services. We investigate the cost structure of a sample of LPT companies operating in Italy and assess the presence and the magnitude of scope economies. We split the whole sample of firms according to their diversification strategy: private firms, mainly diversifying in competitive transport related services and public firms providing nontransport services in regulated markets. Scope economies appear sizeable for both groups but higher for firms pursuing a transport related strategy, suggesting caution in the multiutility development pursued by public LPT firms in Italy.     

Book review

Smallholder farmers who grow diverse landraces in centres of crop diversity contribute to sustaining the capacity of agricultural and food systems to adapt to change by maintaining crop evolution in their fields today, thus enabling humanity to continue to have the broad genetic variation needed to adapt crops to changes tomorrow. Given this fact, the last 20 years have witnessed an ever-growing interest in on-farm conservation of crop infra-specific diversity. While numerous projects to support it have been, and continue to be, implemented worldwide, there has been very little systematic assessment of the extent to which these projects have been effective at contributing to the maintenance of crop diversity on-farm and the creation of associated benefits for the farmers involved. The factors and relationships implicated in attaining conservation and livelihood results are complex, so that a conceptual scheme that brings them together in a simplified but coherent fashion can be extremely useful for the scientists, donors, policy-makers and practitioners concerned. This paper presents a conceptual framework for analysing on-farm projects, the trade-offs involved and assesses their success in a more systematic way.     

Is EU Cross-border Cooperation Ethical? Reading Cross-border Cooperation Through the ‘Needs for Roots’ by Simone Weil

This article applies Simone Weil’s philosophical concept of ‘uprootedness’ and the ‘14 needs of the soul’, set out in her 1943 book ‘The Need for Roots’, to the empirical case study of the border ‘Italy-Slovenia’ considered within Programme 2007–2013. A multi-dimensional qualitative approach that relies on an extensive literature, consultation of primary sources and semi-structured interviews carried out between October 2013 and February 2014 has been adopted.

The article questions why does cross-border-cooperation often fail to develop an ‘integrated’ border territory and a cohesive ‘moral’ community? Conversely, why does social fragmentation emerge from cross-border-cooperation? It is argued that while the EU (Commission) has focused on initiatives and projects in order to achieve regional, economic border integration, it has instead failed to develop an ‘ethical framework’ for promoting a ‘rooted’ integrated borderland and a cohesive moral community.     

Vertical Integration and Costly Demand Information in Regulated Network Industries

We study how vertical integration affects the acquisition and transmission of demand information in regulated network industries. Demand information helps to set the access price, incentivize infrastructure investment, and foster competition in the unregulated downstream market. We show that when demand information is costly and private, the optimal access prices are independent of demand levels. Vertical integration then secures greater welfare in new markets where little demand information is available or where infrastructure cost is low, or when investing is highly risky. In the remaining cases, vertical separation is preferable.