Economics of regulation in shipping

In this paper the author explores the nature and scope of social regulation in shipping comparing its nature with that of economic regulation per se. Whilst economic regulation affects liner shipping only, social regulation—impelled by a specific concern for health and environmental protection, rather than a desire for optimal resource allocation—effects all types of shipping. The legislation emerging from this has had important (and often overlooked)economic impact; focusing on the conditions, under which a carrier discharges his duties, these regulations may determine, to a greater or lesser degree, the levels of cost and service. He concludes that, whilst the concept of social regulation has a valid, humanitarian base, the cost of its implementation should not be underestimated.     

The changing structure of the UK port industry and its impact on stevedoring costs

This paper examines the impact the changing maritime technology has had on the structure and development of the UK port transport industry. In particular, it describes the major institutional changes that have occured in response to technological and other developments and the influence these have had on the cost structure of individual stevedoring operators. Finally, it describes the resultant pricing policies adopted by stevedores and concludes that these have been exacerbated by the failure of successive governments to adopt sound and consistent policies towards the industry.     

Effects of Operational and Design Parameters on the Sequence of Locking of the Wheels of Tractor-Semitrailers

It is known that loss of directional stability during braking occurs in many road accidents involving tractor-semitrailers. To minimize the undesired directional response, the correct order of locking of the wheels is of importance and should receive greater attention. This paper examines the effects of operational and design parameters on the sequence of locking of the wheels of tractor-semitrailers. The way in which the correct locking sequence may be achieved is also discussed in detail.     

The effect of the oil crisis on the growth in the ownership and use of cars

Since the oil crisis of 1973, a number of studies have been made in various countries of the effects of the rise in petrol prices on the level of traffic flow, but rather fewer have attempted to delineate the complex chain of reactions within the car market set off by this impulse. We attempt to do this, using data from the UK.Since 1966 during the prediction stage of the first London Transportation Study it became obvious that low income and high income households had different rates of growth of car ownership, mainly because low income households bought cheap, old cars which vary in quantity and price differently from expensive, new cars. The Greater London Council therefore sponsored a study of car prices by age and size, starting from 1957 annually, and since the oil crisis, evaluated monthly. This has enabled us to examine the strong change in trend that had occurred, with large cars depreciating 15% per annum more than the smallest. The quantities of cars of each size registered each month are available from national statistics and this enables us to say that the previous 1% per annum increase in car size was arrested, with new cars becoming substantially smaller.A model of the car market has been developed which relates on the one hand the price distribution of cars by age, and on the other hand the price. distribution of the stock of cars owned at each household income level. Via the expenditure on car purchase at each household income level and the distribution of the length of time between purchase and resale of cars, a fully dynamic model has been developed to relate expenditure flow and stock. This enables us to test the effect of different trends on the dynamic equilibrium in the car market.The implications of the two trends noted above on the prediction of future car ownership growth are discussed, with the standstill since the oil crisis attributed to petrol prices via the split in household expenditure between purchase and use.     

The vagrant ethic: Need for a sea-lane philosophy

Although considerable progress has recently been made in the evolution of marine traffic procedures in coastal and waterway areas, mariners are finding difficulty in coping with the diverse traffic schemes that have so far been devised. This paper is a plea for international and logical marine traffic management, so that ships can operate safely and efficiently within a framework of the proliferating offshore zonal legislation that we are now witnessing.     

IN VITRO GLYCATION OF HEMOGLOBIN (HB):CHOOSING THE APPROPRIATE MODEL

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Computer-Simulation of the Dynamical Curving Behaviour of a Railway-Bogie

This paper describes the modelling of a two axle railway-bogie with variable design configurations and its application in the investigation of the behaviour in transitional and circular curves. Several results indicate possibilities to improve the curving properties and recommend the usage of forced-steering bogies, which show better performance in narrow curves without unbearable sacrifices to high-speed-behaviour on straight track.     

Privatisation and the quality of rail services

Using the concept of generalised costs to reflect quality in rail services, we consider the level of provision and quality of these services in the various forms they may take in a privatised environment within a model where we assume linear and separable demand and cost functions for analytical simplicity. Using the Pareto-efficient output and quality outcomes under a fully integrated system for reference (as well as those for a fully integrated profit-maximising monopolist) we show that if either bilateral monopoly or complementary monopoly emerge as a market structure the output of train services and their quality will generally fall. In the case of the emergence of both bilateral monopoly and complementary monopoly our analysis again suggests poor welfare outcomes. The implication that can be drawn from our analysis is that a regulator of a privatised rail system faces some severe problems if she is to attain the appropriate welfare targets.