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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.

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 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.

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.

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 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.

Governance Through Adaptive Urban Platforms: The INSINC Experiment

Article  -  Jeffrey Siow, Balaji Prabhakar, Chng Kai Fong

Cloud and mobile technology meet big data and behavioural economics in LTA’s public transport experiment.