Implications of Prospect Theory on Road Pricing
Article - Anthony T. H. Chin
While the economic costs of traffic congestion are well documented, the effectiveness of economic instruments, such as road pricing, in containing traffic congestion is less clear. Prospect Theory, a leading behavioural model in experimental economics, may explain inelastic driver behaviour in response to road pricing during peak hours. It may also shed light on the phenomenon of consumers who continue driving despite its higher economic cost relative to other modes of transport.
Singapore's Political Economy: Two Paradoxes
Article - Bryan Caplan
Economist Bryan Caplan, noted for his insights on public choice, visited Singapore in November 2008. His observations address how “economically efficient, but politically unpopular” policies might successfully be carried through a democratic system, and sheds light on the environment in which public policy is made and implemented in Singapore.
Sustainable Development: Challenges and Opportunities
Article - Tan Yong Soon
Singapore should continue to invest in sustainable development to ensure dynamic growth and a liveable environment for the future, argues the Permanent Secretary for the Environment and Water Resources.
The Global Talent War: Why Singapore Needs to Get Serious About Branding Itself
Article - Ng Siew Kiang
Singapore has what it takes to be a global talent magnet: now it needs to make its case clearly, argues Ng Siew Kiang from Contact Singapore.
The Growth of Asian Cities
Article - Bindu N. Lohani
As the main economic engines of growth, Asian cities are increasingly challenged to ensure sustainability while reaping the benefits of urbanisation.
Marina Bay: The Shape of Things to Come
Article - Benjamin Ng, Ching Tuan Yee
Singapore's new waterfront business district will feature state-of-the-art infrastructure and urban design features.
The Asian Financial Crisis in Hindsight
Article - Donald Low
The Asian Financial Crisis might well be the first major crisis of globalisation. Donald Low examines its causes and implications ten years on.
The Age of Big Data
Article - Cheryl Chung
Data-driven activities and smart systems could power a quantum leap in productivity and innovation.
Rethinking a New Social Compact for Singapore
Article - Yeoh Lam Keong
To address globalisation’s unprecedented challenges, Singapore may need to rethink—and not just tweak—its social safety net.
Cities, Culture and Happiness
Article - Bruno S. Frey
The arts as a means to enhance individual well-being can have an impact on how culture should be encouraged by policy.